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Property Description

Key features

  • 8.6% Yield
  • Current Income of 34,000 pa
  • Two Self Contained Flats
  • Small Office
  • Double Retail Unit
  • Generous Storage

Full description

EXCELLENT INCOME OPPORTUNITY 8.6% YIELD! Parkland Estates are delighted to present to the market this exciting freehold investment opportunity with so much to offer. The property includes the double retail unit, currently on a 20 year commercial lease, with plenty of storage and office space as well as two large self contained apartments above with a separate private entrance. The living accommodation is currently generating £14,400 per annum whilst the retail unit and the small office space generate £19,600 per annum. A combined total of £34,000 offering a generous yield of 8.6% at the current asking price. The retail unit is currently on a commercial lease for further details please apply within. Viewing is strictly by appointment only so please call Parkland Estates to arrange your accompanied viewing.

Retail Unit - Currently on a commercial lease for twenty years with annual rent reviews every three years. Generating £17,000 per annum.
Multiple storage rooms and staff offices as well as a generous basement and rear access.

Single Office Room - Currently vacant but available to let with an income potential of £2600 per annum.

Five Bedroom Apartment - Currently let at £700pcm this spacious maisonette offers five bedrooms, kitchen, bathroom, shower room and additional separate w/c.

Three Bedroom Apartment - Currently let at £500pcm the second maisonette also offers plenty of living space with a generous living room/extra bedroom, kitchen, bathroom, two well proportioned bedrooms and an additional w/c. Both flats have access to the roof that is currently laid out as a garden roof terrace.

Agents Note - None of the statements contained in these particulars as to this property are to be relied on as statements or representations of fact. No appliances have been tested.

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More information from this agent

Energy Performance Certificates (EPCs)

Map & Street View

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