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1 bedroom retail property (high street) for sale

Highcliffe

£325,000

Property Description

Key features

  • Freehold Investment
  • Shop & First Floor Flat
  • Village Centre Location
  • Opposite Main Car park
  • Shop Rent 12000 P A
  • Two Parking Bays
  • Central Location
  • Shop Offers 585 Sq Ft

Full description

A superb Freehold investment opportunity located in the centre of Highcliffe High Street benefitting from the benefit of a new 10 year lease (in negotiations) for the Ground Floor Cafe and Coffee Shop with a large one bedroom flat above currently let on an AST. The income provided by both is in the region of £19,140 per annum giving a Gross yield in excess of 5.88% based on the Asking Price.

Ground Floor Premises - Currently let out to a well run cafe/coffee shop serving quality food and drinks seven days a week. Paying £12,000 per annum on the remainder of a 12 year lease with two years left to run.

First Floor Flat - Accessed from the rear of the premises with a front entrance door and stairs rising to the First Floor.

Textured ceiling, ceiling light point and opening provides access through to:

Kitchen/Diner - 4.37m x 3.35m (14'4" x 11'0") - Coved and textured ceiling, two ceiling light points, UPVC double glazed window overlooking rear courtyard, modern fitted kitchen comprising stainless steel sink with single drainer and swan necked mixer taps set in a range of roll top work surfaces. Fitted four ring gas hob with single oven and grill beneath, wall mounted fume hood, power points, wall mounted combination gas central heating boiler, space and plumbing for automatic washing machine, space for dining table, double panelled radiator, space for upright fridge/freezer and opening provides access to:

Living Room - 7.14m x 4.19m (23'5" x 13'9") - Coved and textured ceiling, ceiling light point, UPVC double glazed window facing front aspect, double panelled radiator, numerous power points.

Bedroom One - 3.61m x 3.20m (11'10" x 10'6") - Coved and smooth finished ceiling, picture rail, double glazed window overlooking front aspect, radiator, power points.

Bathroom - 3.25m x 1.93m (10'8" x 6'4") - Coving to ceiling, ceiling light point, tiling to full height, white suite comprising panelled enclosed bath with twin hand grips and mixer taps with wall mounted mixer tap and shower attachment above, pull across shower curtain, low level WC, pedestal wash hand basin, opaque UPVC double glazed window overlooking rear garden aspect, radiator, double opening doors provide access to storage cupboard. From Landing door leads to:

Loft Room - 7.14m x 3.35m (23'5" x 11'0") - More suited as a child's play area with numerous halogen downlighters, double glazed window facing rear aspect, numerous power points, radiator, access to eaves storage.

Outside - Parking - The premises benefits from two allocated parking spaces to the rear of the building.

Directional Note - The premises is situated immediately next door to our office in Highcliffe

Please Note - All measurements quoted are approximate and for general guidance only. The fixtures, fittings, services and appliances have not been tested and therefore, no guarantee can be given that they are in working order. Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.

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