10121 sq. ft (940.27 m²)
Key features
- Substantial 'Value Add' Opportunity for Further Income Improvement, Break-Up, Changes of Use and Development
- Additional Add-On Opportunity by Purchasing 'The Archway'
- Gallery / Cafe / Studios and Extensive Top Floor Flat
- Fisherton Mill Total Rent Receivable - £140,452 per annum
- The Archway Total Rent Receivable - £64,716 per annum (see brochure for detail)
- Full brochure available which contains extensive detail about the opportunity
Description
Of interest to ''Lifestyle'' business operators looking for a combination of investment income, superb living space and a thriving business in the creative and leisure sector.
Also of interest to investors and developers with substantial ''value add'' opportunity for further income improvement, break-up, changes of use and development.
The Mill currently provides a superb loft style four bedroom living space which has massive ''Airbnb'' potential due its central location, close to the train station, Cathedral and further afield attractions like Stonehenge and Bath.
The business has scope to extend its offering, increase range of food, enhanced opening hours and more, making this an attractive proposition for a successful entrepreneur.
The asset is held in two titles giving scope for two separate lots, which could then appeal to two dynamic buyer markets.
Key Business Points:
- Owner operated business with possibility of continuation or leasing.
- Massive up-side potential for enhancing through food & beverage offering, hours, events and more.
- First floor studios let on inclusive licences.
- Ground floor gallery offered as event space with scope to maximise income.
- Extensive 4-bedroom 354.68 Sq. M. flat arranged over 2nd and 3rd floor with huge Airbnb / holiday let potential.
- Ability to secure 'The Archway' at an additional cost to diversify income through fully let residential buy-to-lets.
- Fisherton Mill benefits from an Alcohol Premises License which also permits live music. Full license details available on request.
Fisherton Mill Current Rent Receivable
£140,452 per annum, excluding profits from business and 'The Loft'.
The Archway
The Archway is a mixed-use investment opportunity which is attractive due to the main road access through to Fisherton Mill.
It features 3 commercial units at ground floor level and 4 residential flats at first and second floor.
There are three one-bedroom flats and one two bedroom flat which are currently let on assured shorthold tenancy agreements.
The Archway is only available in addition to Fisherton Mill, not as a separate lot.
Current Rent Receivable
£64,716 per annum (£67,116 disregarding incentives per annum when fully occupied).
Please refer to the full PDF brochure for full and complete information, including full tenancy schedules for both assets.
Similar properties in the area
Investment for sale
1-7 Police Houses & Land off Chancery Close, Wilton Road, Salisbury, SP2 7EU
A residential investment and development opportunity, which can be purchased together or separately, brough to the market by Informal Tender
Investment for sale
Amesbury Police Station, Salisbury Road, Amesbury, SP4 7HQ
33541 sq. ft (3116.06 m²)
0.77 acre Brownfield development opportunity in Amesbury. Site likely to be suited to a Residential development.
Retail to let
1 Bridge Street, Fordingbridge, Hampshire, SP6 1AH
1313 sq. ft (121.98 m²)
Please contact us for full details.
Retail for sale
1 Bridge Street, Fordingbridge, Hampshire, SP6 1AH
1313 sq. ft (121.98 m²)
Please contact us for full details.