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Terraced house for sale

High Street, Wainfleet

Sold STC £45,000

Property Description

Key features

  • Investment Opportunity
  • Commercial Premises
  • Freehold
  • Double Fronted Shop
  • Additional Rooms to the Rear
  • 5,044 P/A Income
  • High Street Location
  • 10% Yeild
  • 10 Year lease
  • Already Tenanted so Instant Income

Full description

***Investment Opportunity*** FREEHOLD Commercial Premises with an instant income. 10 year lease bringing £5,044 per annum for the first 5 years and then £5,460 for the next 5 years. Double fronted shop/office premises in a central, High Street location. Large office/stock room, WC and kitchenette to the rear.

Shop Area - 5.5 max x 5.0 max (18'0" max x 16'4" max) - Double fronted shop/office area with access door to the High Street.

Kitchenette - 1.7 x 1.0 (5'6" x 3'3") - With stainless steel sink and drainer unit and cupboard space beneath.

Rear Office - 4.0 x 2.5 (13'1" x 8'2") - With a window to the side of the property, this is a good-sized space for use as an office or stock room etc.

Wc - 2.0 x 1.5 (6'6" x 4'11") - With WC and wash hand basin.

Current Tenant/Lease Details - There is already a tenant in this property. There is a 10 year lease in place with the rental income being £5,044 for the first 5 years and then £5,460 for the remaining 5 years. The current tenant pays weekly and has never missed a payment. Further details of the lease can be obtained by interested parties from Foulstone Estate Agents in Chapel St Leonards. The rateable value is £2,225 p/a.

Location - This listed property is in a prime location on the High Street in the center of Wainfleet. It is directly opposite one of the main routes into the village and is therefore immediately seen by most. Opposite the premises is a public car park providing free of charge parking for many vehicles. To the right hand side of the property is a residential property and to the left is a Takeaway Pizza Parlour.

Viewing Arrangements - Due to the fact that the current tenant is currently running a business from these premises we would like to kindly ask for all viewings to be strictly by appointment only. If you would like to book a viewing of this property please call Foulstone Estate Agents on 01754 872724. If you would like to view all of our properties please visit or find us on Rightmove.

Please Note - It is only the premises that is being offered for sale and NOT the business.

Mortgages... - We are proud to announce that we now have the benefit of being able to offer you mortgage advice from an “in house” mortgage advisor. Whether you are selling or purchasing through us or maybe you would just like to know what your options are, please give us a call and we will be more than happy to book you a FREE, no obligation appointment. Our mortgage advisor has worked closely with the Governments Help to Buy Scheme and has access to a wide range of products from the “standard” residential mortgage to Buy to Let to Self-Build, sourcing products and deals from the majority of the high street banks and many more.

Disclosure - Please Note: 1. Whilst due care and attention has been taken whilst preparing these details any potential purchaser should confirm all details relating to title, boundaries and other important details with their legal representative before exchange of contracts. 2. These measurements supplied are for guidance only and any potential purchaser should check these measurements for themselves. 3. We have not tested any appliances, fixtures or services, these should be checked by any potential purchaser. 4. Where an EPC is held for a property it can be viewed in full in branch. 5. Money Laundering Regulations: Any intending purchasers will be asked to provide a form of ID and proof of funds upon the placement of an offer, if not before.

More information from this agent

Listing History

Added on Rightmove:
20 September 2018

Map & Street View

Disclaimer - Property reference 28208584. The information displayed about this property comprises a property advertisement. 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 Foulstone Estate Agents, Chapel, St. Leonards. 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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