Residential for sale

The property comprises a three-storey end of terrace building arranged as a ground floor double fronted retail shop with ancillary space and a self-contained maisonette over the first and second floors. The ground floor retail unit is predominantly open plan and currently operates as a women's dress shop. The residential accommodation is well proportioned and includes two bedrooms, kitchen, dining room, lounge, bathroom and additional second floor storage.
Externally the property benefits from a private rear garden and parking which are
demised to the residential accommodation.
The Freehold Interest is being offered, subject to a commercial lease and a periodic tenancy. The commercial lease is granted to Any Occasion Boutique Ltd on a 5 year FRI lease from 6 December 2021 with a passing rent of £12,500 per annum exclusive. The residential tenancy agreement has expired and therefore deemed a periodic tenancy with a passing rent of £1,075 pcm (£12,900 pa). Copies of the legal documents are available upon request.
The quoting price of £290,000 is considered low and represents a gross initial yield of 8.75% and is also considered to be reversionary. This could also be considered for an owner occupier; more information upon application.
Unit Name: g | 1034 sqft |
Unit Name: 1st | 807 sqft |
Unit Name: 2nd | 97 sqft |