Investment producing £39,000 per annum. 8% Gross Yield at Guide Price (capital value £172 psf).
A traditional brick built three storey terraced building with a pitched and tile covered roof.
The ground floor shop is let to an individual trading as Carlton Fireplaces on a lease to expire in 2030 at a rental of £18,000 per annum. There is a rent review in 2025.
The first and second floor maisonette is let to a company for two years commencing 15/09/2022 with a guaranteed rent of £21,000 per annum.
Ground floor shop - Sales area, Office, Wc - Approximate area 1,728 sq ft (160.58 sq m)
First / Second floor Maisonette - Approximate area 1,081 sq ft (100.5 sq m)
First floor - Reception room, Bedroom, Kitchen
Second floor - Three bedrooms, Bathroom, Separate WC
Outside - Parking for three cars.