Business Summary

Key Features:-

Shop & 3 Apartments Town Center Investment Building Rental Income Potential: Apartments £17,680 p.a.& £14,000 p.a. Retail Unit = £31,680 p.a.Viewing Recommended.

Property Description:-

This investment property comprises of the Whole Building comprising: ground floor retail unit with WCs/ Kitchen to rear First Floor. The seller has developed three apartments over the first, second and third floors which comprise of one or two bedrooms.
Internal viewing is highly recommended by appointment.

This mixed use investment property occupies a town center location and benefits from a wealth of passing pedestrian and vehicle trade.
It is located in between an estate agent trading as Oystons and a Santander branch. Clifton Street is a one way road leading up from the Promenade towards Abingdon Street.

Accommodation Comprising

Ground Floor
Shop retail space: 68.7 sq m (740 sq ft)
Max depth 12 m
Max width 5.7 m
In addition there is a recessed front door creating window display space. This area can provide space measuring 17 sq m (183 sq ft)
Total potential ground floor area circa 923 sq ft

First Floor
Kitchen/ staff room 8.6 sq m (93 sq ft)
2 x WCs
Apartment 1 - Two Bedroom Apartment.
Lounge, Double Bedroom, Single Bedroom, Fitted Kitchen and Bathroom. Also available to be purchased separately at £70,000. Rent: £115 pw.

Second Floor
Apartment 3 - One Bedroom Apartment.
Lounge, Bedroom, Fitted Kitchen and Bathroom.
Also available to be purchased separately at £60,000. Rent: £105 pw.

Second Floor/ Third Floor
Apartment 2 - Two Bedroom Apartment.
Lounge, Fitted Kitchen, Single Bedroom and Bathroom. Spiral staircase to Double Bedroom.
Also available to be purchased separately at £75,000. Rent: £120 pw.
Rental Income Potential
Retail Unit: £14,000 pa/ Apartments: £17,680 pa.
Combined income potential: £31,680 pa
Business Rates/ Council Tax
Rateable value ground floor shop £15,250 per annum, taken from the VOA website August 2012. Council Tax of Apartments to be confirmed.
Viewing
Strictly via prior appointment through Kenricks on 01253 420420.

Property Details