Fabulous mixed use end of terrace property representing a 12% yield!!!, featuring double fronted shop currently used as a carpet shop, and two self contained flats above. All currently fully let and offered below market value. Situated in a busy location with high footfall / traffic.
Shop currently paying £675 PCM - a new 4 year lease has been signed. Flat 2 paying £320 PCM Flat 4 paying £350 PCM
There is scope to increase on the rents for the flats
Rics valuation in 2017 was £155000.
Both flats are in a good condition having been refurbished only 4 years ago. Shop features large floor space which could be used commercially in various forms.
Floor space - 2143 sq ft
Please note, there is a 2% buyers fee subject to a minimum £1995 on this property.
It is preferred that current agent remains in place for continuity purposes......