14a Market Place, Alford
Guide Price
£115,000
£78.02 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
1,474 sq ft
137 sq m
- SECTOR
Mixed use property for sale
Key features
- HIgh Yielding Mixed-Use Investment
- Retail Unit and Residential Upper Parts
- Fully Let to Two Tenants
- Ground Floor Retail Let - Expiring 29.04.2029
- Two Bed Flat to Upper Parts - Let on AST
- 1,474 sq ft (137 sq m)
- Prominent High Footfall Pitch
- Investment Let at £13,600 p.a. (11.82% GIY on Guide Price)
Description
The property comprises a high yielding mixed-use investment opportunity located in an affluent market town.
Arranged as a ground floor retail unit with a two bedroom flat to the upper parts, the property is fully let to two tenants producing a total rent of £13,600 per annum.
The ground floor retail unit is let to CCS-Clifford Contract Services Limited on a five year lease with no breaks expiring 29.04.2029 and paying £7,000 per annum.
The residential upper parts are let to a private individual on an Assured Shorthold Tenancy (AST) expiring 08.11.2026 and paying £6,600.
The property occupies a prominent pitch fronting Market Place and forms part of the principal retail amenity of Alford. The surrounding area is characterised by similar mixed uses with a number of local and national occupiers including the Post Office and Coop, with a Premier Convenience Store immediately adjacent.
Arranged as a ground floor retail unit with a two bedroom flat to the upper parts, the property is fully let to two tenants producing a total rent of £13,600 per annum.
The ground floor retail unit is let to CCS-Clifford Contract Services Limited on a five year lease with no breaks expiring 29.04.2029 and paying £7,000 per annum.
The residential upper parts are let to a private individual on an Assured Shorthold Tenancy (AST) expiring 08.11.2026 and paying £6,600.
The property occupies a prominent pitch fronting Market Place and forms part of the principal retail amenity of Alford. The surrounding area is characterised by similar mixed uses with a number of local and national occupiers including the Post Office and Coop, with a Premier Convenience Store immediately adjacent.
14a Market Place, Alford
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Thorpe Culvert Station9.6 miles
Notes
These notes are private, only you can see them.
Disclaimer - Property reference 8CC8DE3A-C7E8-4D2B-BC5B-4C28A0BFD2E5. 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 Savills, Savills Auctions- Commercial. 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.
Map data ©OpenStreetMap contributors.