** UNSOLD, PLEASE REFER TO AUCTIONEER **
Mixed Use residential & Commercial Investment
A rare opportunity to purchase a mixed use investment package based in the sought after south Leicester area of Aylestone consisting of a two storey semi-detached house converted into two self contained flats and a further two storey workshop with additional single storey additions.
The property is being sold subject to the current tenancies in force with a total gross income of £17,220 per annum, this is made up of £6,720 for the commercial element and £10,500 for the two flats. The tenant within the commercial area has security of tenure having been in occupation for some twenty eight years. The first floor flat is held on an assured shorthold tenancy rolling over with a long term tenant at £5,100 per annum and the ground floor flat is subject to an assured shorthold tenancy for six months from 14th June 2019 at £5,400 per annum.
Excellent investment vehicle which at the quoted guide offers in excess of a twelve per cent yield.
Freehold subject to tenancy agreements
Ground Floor Flat
Entrance Vestibule, Lounge 3.66 m x 3.56 m, Kitchen 4.70 m x 3.56 m, Bedroom 4.06 m x 2.64 m, Shower Room 1.72 m x 1.64 m
First Floor Flat
Entrance vestibule with stairs to first floor. Landing, Lounge 4.73 m x 3.68 m, Bedroom 3.65m x 3.79 m , Kitchen 2.68m x 2.14m, bathroom.
Ground and first floor premises. GIA 74.5m2, Ground floor workshop, GIA 34m2, Further workshop 19.8m2, Store GIA 12.45m2. Covered storage area
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Buyers will be required to pay an administration fee of £900.00 (£750 plus VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.