01228 510 552
A freehold investment property with 4 separate units, situated near the centre of the town. The property comprises a ground floor flat, two first floor bedsits and a rear workshop which is capable of development subject to planning. The flat and one bedsit are each let at £70 per week on AST's to longstanding tenants and one bedsit and the workshop are offered with vacant possession. The buyer will receive an immediate income of £7,280 per annum and the property is capable of producing a 20% yield when fully let.
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Ground Floor Workshop vacant
Rear Workshop 25' x 18' max
No. 3 Ground Floor let at £70 per week
Hall with shower
Sitting Room 12'6 x 10'9
Kitchen 8'9 x 8'3
Bedroom 11'6 x 8'6
WC
No. 2 First Floor vacant
Bedsitting Room 13'6 x 12'
Kitchen 8'3 x 6'
Bathroom 8' x 5'6
No. 1 First Floor let at £70 per week
Bedsitting Room 15'6 x 12'9
Kitchen 12' x 4' + recess
Shower Room 8'6 x 4'
Tenure
See Legal Pack
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Additional Fees
Admin charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Agent Note
In order to be able to purchase a property in the UK all agents have a legal requirement to conduct identity checks on all customers involved in the transaction to fulfil their obligations under anti money laundering regulations. Please ask the branch for further details.
