TYPELight Industrial, Other, Residential, Industrial, Other Property Types & Opportunities
TENUREUnder Offer, For Sale Freehold
POSTED ON20th April 2022
FREEHOLD INDUSTRIAL/RESIDENTIAL INVESTMENT PROPERTY PRODUCING £36,600 PER ANNUM. A semi-detached 2 storey property. The ground floor is a motor vehicle workshop and MOT garage with forecourt parking leased to the same tenant for many years https://www.blackfieldgarage.co.uk/. It benefits from a large pit for MOT works, MOT Licence, 3 phase electric, gas hot air blowers and LED strip lights. The garage is let on a 20 year full repairing and insuring lease from 01 January 2021 to a Mr P.C.Cousins at £18,000 per annum exclusive. The upper floors have been converted into 3 self contained flats with a separate access at the side of the building. All the flats have gas central heating, UPVC double glazing and velux windows in the bedrooms. Flat 1 has been let to the same tenant since May 2018 at £575 pcm. Flat 1a has been let to the same tenant since September 2016 at £450 pcm. Flat 2 has been let to the same tenant since August 2019 at £525 pcm. Total rental income £36,600 per annum.