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2 bedroom commercial property for sale

10/10a, School Lane, Leominster, HR6

Sold STC £98,000

Property Description

Key features

  • Set In Market Town Of Leominster
  • Commercial/Residential Investment Opportunity
  • Including Small Ground Floor Shop
  • Plus 2 Bedroomed Flat Above
  • Grade II Listed Property
  • Returning 6.4% Yield On Investment
  • Set In A Pedestrian Precinct
  • In Secondary Trading Position

Full description

Excellent commercial and residential investment opportunity set in the market town of Leominster. A Grade II Listed building including a small ground floor shop premises as well as a 2 bedroomed flat above. Set in a pedestrian precinct just off the town centre returning a 6.4% yield on investment.

Full Particulars - Leominster is a thriving market town with a residential population of 11,000 and a catchment population of 40,000, with a good range of shopping, recreational and educational facilities available together with a train station and a bus station.

School Lane is a pedestrian precinct linking the Corn Square to Etnam Street, in a secondary trading position in the town. An ideal investment opportunity, numbers 10 and 10a comprise a small shop, currently let to a hairdressers and a 2-bedroomed flat currently let on an AST, producing a total rental income of £525.00 pcm. Further details of the incomes and individual rents will be made available upon request to bonafide applicants. Number 10 is Grade II Listed.

The whole is more particularly described as follows:-

Shop - Half-glazed entrance door to

Reception Lobby - With inset door mat and a door through to the

Main Shop Area - 11'3" x 9'3" (3.43m x 2.82m) - With window to the front elevation, beamed ceiling, linoleum floor covering and a doorway through to

Secondary Area - 10'4" max. x 9'7" (3.15m max. x 2.92m) - Having Kitchenette Area and Cloakroom off with low flush WC and wash hand basin.

This shop area is currently used by a hairdresser who is on a Short Term Lease. Details of the Lease and Rental will be made available to bonafide applicants.

Details Of The Flat Known As 10A - A separate entrance door from the street leads into a

Lobby And Galley Kitchen - 21'6" x 4'6" (6.55m x 1.37m) - With the kitchen area having a sink unit with drawers and cupboards under, a further base unit, space for cooker and washing machine. A cupboard houses the Gas fired central heating boiler, a further understairs storage cupboard. The room has lighting, power points and a radiator fitted.

The stairs lead up to the

First Floor - With a door off to

Bathroom - With suite comprising panelled bath with shower attachment, low flush WC and pedestal wash basin. There is a radiator and ceiling light fitted in here. A door leads off to a

Small Sitting Room - 11'8" x 9'4" (3.56m x 2.84m) - With radiator, lighting, power points and television point. There is a door to a

Small/Second Bedroom - 7'3" x 6'8" (2.21m x 2.03m) - With lighting, radiator and power points fitted.

The staircase then continues to the

Second Floor - Where there is

Bedroom 1 - 10'8" x max width 12'0" (3.25m x max width 3.66m) - Max width is beneath the sloping eaves. There is a sash end gable window, exposed timbers and trusses, radiator, power points and ceiling light fitted.

Services - Mains Electricity, Gas, Water & Drainage.

Outgoings - 10A School Lane - Council Tax Band: Amount Payable 2016/2017 £1,134.61

Local Authority - The Herefordshire Council - 01432 260000

05 July 2016.

Jackson International - for themselves and the vendors of the property, whose agents they are, give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. An intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order, or fit for their purpose, neither has the agent checked legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

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