9 bedroom mixed use for sale

English Street, CA6

Guide Price £249,000

Property Description

Full description

Tenure: Freehold

6 INVESTMENT PROPERTIES
An excellent investment opportunity comprising 5 residential properties and a shop premises producing an annual income of around 22,560 and showing a return of around 9% per annum on the guide price. The properties are situated close to the centre of the market town of Longtown with parking available to the front and comprising a traditional terraced town house converted to flats with a shop and archway providing access to the rear where two modern cottages have been constructed. The first floor accommodation comprises a 2 bedroom flat and a bedsit with a ground floor 2 bedroom flat plus two single storey 2 bedroom link cottages to the rear. The shop is a lock up retail unit with bin store and staff toilet. The portfolio is available for sale as a whole. EPCs = E, C & D.

GUIDE PRICE: 249,000

LOCATION
Longtown is a market town, situated on the A7, due north of the City of Carlisle and Junction 44 of the M6. This is an ideal location for access to the local road network to include the A74(M) and the M6 together with the A75 from Gretna westward into Dumfries & Galloway and for the A69 to the northeast at Brampton. The properties are situated in Longtown centre a short distance from all retail outlets and local facilities with ample parking available joining. The position of the properties are shown on the following Location Plans.

VIEWING
Strictly by appointment only with the sole selling agents on (01228) 792299.

RENT

Address Monthly Rent Annual Rent

48 English Street 350 pcm 4,200 pa

48a English Street 180 pcm 2,160 pa

50 English Street 260 pcm 3,120 pa

50a English Street 300 pcm 3,600 pa

50b English Street 395 pcm 4,740 pa

50c English Street 395 pcm 4,740 pa

Total 22,560 pa

The Guide Price is 249,000 showing a return around 9% per annum.

a) 48 English Street Let on a 6 month Assured Shorthold Tenancy from the 3rd November 2013.

b) 48a English Street Recently vacated and it has been re-let from the 1st September 2015 on a 6 month Assured Shorthold Tenancy.

c) 50 English Street A lock up retail unit trading as The Cobbles Sandwich Shop let on an undocumented letting from the 1st July 2002. The tenant is responsible for rates and all outgoings together with repair of any damage to the property and internal decoration plus maintenance of the entrance door, display window and sign. The landlord is responsible for buildings insurance, structural repairs and external decoration.

d) 50a English Street Presently vacant and on the market to let at 300 pcm on a 6 month Assured Shorthold Tenancy.

e) 50b English Street Let on a 6 month Assured Shorthold Tenancy from the 30th November 2013.

f) 50c English Street Let on a 6 month Assured Shorthold Tenancy from the 30th September 2013.

ACCOMMODATION

48 English Street a 2 bedroom ground floor flat with oil fired central heating, partial PVC double glazing and accommodation comprising; kitchen with fitted wall and base kitchen units, living room, bathroom to include shower over the bath and 2 bedrooms.

48a English Street a first floor bedsit with night storage radiators and comprising a bed/sitting room with kitchenette area and bathroom and needing some updating.

50 English Street a single fronted lock up retail unit of approximately 27 sq.m with bin store and staff toilet.

50a English Street a 2 bedroom first floor flat comprising living room, 2 bedrooms, bathroom and kitchen which would benefit from some updating.

50b English Street - a modern 2 bedroom mid link cottage with PVC double glazing and a modern electric heating system and comprising entrance hall, bathroom to include bath with shower over, open plan kitchen/dining room/living room with fitted kitchen units and 2 bedrooms.

50c English Street a 2 bedroom end link cottage with PVC double glazing and a modern electric heating system. The accommodation comprises entrance hall, bathroom to include bath with shower over, an open plan kitchen/dining room/living room with fitted kitchen units, 2 bedrooms and a lawned garden.

General
48a and 50a have a common staircase from the pavement to a landing. At the front, on street parking is available plus an archway leading to the rear where there is a courtyard and access to the ground floor properties and cottages. The site is shown on the enclosed Site Plan and includes a slope with rough growth to the rear.

COUNCIL TAX/RATES
Following enquiry to the Valuation Office website we understand the residential properties are all in council tax band A and the shop premises has a rateable value of 2,700.

EPC
Copies of the Energy Performance Certificates for the properties are available on request.


Energy Performance Certificates (EPCs)

Nearest station

  • Gretna Green (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

C & D Rural, Carlisle

Lakeside, Townfoot, Longtown, Carlisle, CA6 5LY

01228 738014 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Gretna Green (3.7 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

C & D Rural, Carlisle

Lakeside, Townfoot, Longtown, Carlisle, CA6 5LY

01228 738014 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference EnglishStreetFlats. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by C & D Rural, Carlisle. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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