Category | For Sale |
Type | Investment |
Size | 984 sq ft / 91.4 sq m |
Price | £160,000 |
Description
Fully Let Investment Premises.
91.44 sq m (984 sq ft) NIA.
1 Bed Flat to Upper Floors.
Established Residential Area.
Gross Annual Rental Income £11,400 per annum, exclusive.
FOR SALE: Offers around £160,00.
The ground floor is let for a term of 5 years at a rental of £7,200 pa, exclusive and the upper floor residential flat is understood to be let by way of an Assured
Shorthold Tenancy (AST). The current 12-month Tenancy Agreement, signed
in Feb 2023, confirms a rent of £350 pcm. (£4,200 pa.) is payable. We
understand that the tenant has been in occupation for approximately 10 years. Further information is available from the office.
A bay fronted end of terrace property, with frontages to Domett Street and
Lawson Street, comprising ground floor retail premises together with a separate,
one bedroom residential flat over the first and second floors.
The shop, currently trading as a convenience store has a shop/sales area, kitchen,
toilet and access to a small rear yard.
There is a separate entrance for both the shop and flat which is from Lawson
Street.