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1 bedroom flat for sale

High Street, Weedon

Offers in Region of £189,950

Property Description

Key features

  • Investment Opportunity
  • 29a EPC: Band G
  • 29b EPC: Band D
  • Residential Apartment
  • One Bedroom
  • Commercial Premises
  • A1 Usage
  • Both Units Tenanted
  • Commanding 11700.00pa

Full description

Located on the thriving High Street of Weedon and occupying a prominent position, we are delighted to offer this exciting opportunity for investors. Comprising a ground floor commercial premises with A1 usage and a first floor one bedroom residential apartment, both units are currently tenanted providing an annual income of £11700.00. The commercial premises is currently occupied by an occasion wear specialist and commands an income of £5100pa. The first floor residential apartment is currently tenanted on a statutory periodic basis providing a further £6600.00pa.

Number 29A - The property comprises a ground floor commercial premises (29a) with a first floor residential apartment (29b) above. Registered as one property, 'a' and 'b' relate to postal addresses only.

Ground Floor - 29A High Street - The premises have been granted A1 usage.
We have been advised that this classification allows the premises to be used as one of the following: Shop, warehouse, hairdressers, undertakers, travel & ticket agency, post office, pet shop, sandwich bar, showroom, domestic hire shop, dry cleaners or funeral directors.
You are recommended to have this verified by your legal advisors at your earliest opportunity.

Current Tenants - The current tenants of 29a are 'The Rose Wardrobe' - , an occasion wear specialist utilising the premises as a shop.
Paying £425pcm, the agreement in place is a 10 year lease with break clauses and commenced on 1st August 2014, a copy of which is available to view on request in our office.

You are recommended to have this information verified by your legal advisers at your earliest opportunity.

Shop Details - 25'5" x 16'10" into bays (7.75m x 5.13m into bays) - Excluding the two walk-in bay windows to the front, the width measurement is 15'3".
Accessed via glazed timber doors from the front. Coir matting. Telephone point. Feature beams. A small lobby at the rear leads into the cloakroom.

Cloakroom - Fitted with a two piece suite comprising wash basin and W.C. Ceramic tiled flooring.

First Floor - 29B High Street - 29b High Street is a one bedroom residential apartment.

Current Tenants - The property is currently tenanted on an assured shorthold tenancy at £550pcm.

You are recommended to have this information verified by your legal advisers at your earliest opportunity.

Kitchen/Living Area - 14'8" x 12'8" (4.47m x 3.86m) - Accessed via a stable door from the side via a wrought-iron staircase. Re-fitted with a matching range of base and eye level units with working surface over incorporating a breakfast bar. Twin bowl stainless steel sink and single drainer unit with mixer tap over. 'Fridge, dishwasher and washer/dryer. Double oven with four ring gas hob and extractor hood over. Window to the front. Television aerial point. Telephone point. Exposed beams and wooden floorboards. Wall mounted gas fired combination boiler serving the radiator central heating system and domestic hot water.

Bedroom - 12'10" max x 10'2" (3.91m max x 3.10m) - Window to the front. Access to loft space. Vertical radiator.

Bathroom - Re-fitted with a three piece suite comprising bath with separate shower over and glass screen, wash basin and W.C. Heated towel rail. Laminate flooring. Extractor fan. Ceramic tiled splashbacks.

Agents Note - Potential purchasers please be aware that this is a mixed commercial/residential property being sold as a whole. If financing, it will most likely require specialist funding. Please check with your financial advisor before viewing.

Please Note - These particulars, including floor plans, photographs and virtual tours are intended to give a fair description of the property and in some cases will be in summary form only. Their accuracy is not guaranteed and they do not constitute an offer or a contract. Descriptions of any appliances and/or services (including any heating system) should not be taken as any guarantee that they are in good working order. We have tried to make sure that these particulars are accurate but, to a great extent, we have to rely on what the vendor tells us about the property. Please ask if you require any further information.

We have not carried out any kind of survey and would advise any homebuyer to obtain a qualified Surveyor's report prior to exchanging contracts. Your solicitor will investigate all legal matters relating to the property and agree with the vendor which items will be included in the sale. We are members of the Ombudsman for Estate Agents and subscribe to the OEA Code of Conduct, a copy of which is available on our website.

VIEWING - Strictly by appointment with JACKIE OLIVER & CO.

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More information from this agent

Listing History

Added on Rightmove:
08 May 2015


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