Business Summary

* Town Center Investment Building
* Ground Floor Shop & 3 Apartments
* Rental Income Potential £31,680 per annum

3 storey investment property comprising ground floor retail unit plus kitchen and wc’s to rear first floor. The seller has developed 3 x 1 and 2 bedroom apartments over the 1st, 2nd and 3rd floors. Internal viewing is highly recommended.

ACCOMMODATION

Ground Floor: Shop/ retail space: 68.7sqm (740 sq ft), Max depth 12m, Max width 5.7m, recessed front door creating window display space 17sqm (183 sq ft). Total potential ground floor area in region of 923 sq ft.

First Floor: Kitchen/staff room 8.6sqm (93 sq ft), 2 wc’s.

Apartment 1: (2 Bedrooms) Lounge, Double Bedroom, Single Bedroom, Fitted Kitchen and Bathroom. Rent: £115 pw. Also available to be purchased separately at £70,000.

Second Floor Apartment 3: (1 Bedroom) Lounge, Bedroom, Fitted Kitchen and Bathroom. Rent: £105 pw. Also available to be purchased separately at £60,000.

Second Floor/ Third Floor: Apartment 2: (2 Bedrooms) Lounge, Fitted Kitchen, Single Bedroom and Bathroom. Spiral staircase to Double Bedroom. Rent: £120 pw. Also available to be purchased separately at £75,000.

RENTAL INCOME POTENTIAL

Retail Unit: £14,000 per annum. Apartments: £17,680 per annum. Combined income potential: £31,680 per annum.

BUSINESS RATES/ COUNCIL TAX: Rateable value ground floor shop £15,250 per annum, (VOA 2012). Council Tax of Apartments to be confirmed.

VAT: All prices quoted do not include VAT but may however be subject to VAT at the
prevailing rate.

VIEWING ARRANGEMENTS: Strictly via prior appointment

Property Details

For Business Investors

Other Business Details