Landlord Investment Opportunity - Potential 6.9% Yield
Ground Floor Commercial Area - Let at £7,200 pa
First Floor Flat for Refurbishment - Potential £8,400 pa
The Old Shop, The Cross - is a Grade II Listed period building comprising ground floor office/shop area and separate access to first floor one bedroom flat.
The ground floor is currently let on a lease which was set up in October 2020 for 3 years at £7,200 per annum.
Ground floor comprises office/shop area with dual aspect windows, services and has 4 steps up to a small kitchen area and WC.
The first floor flat comprises stairwell, landing, kitchen, bedroom, living room and bathroom. The Flat would require refurbishment/completion to make it habitable. Once at a standard for living we would expect this flat to generate a rental figure of circa £700 pcm in current market conditions, alternatively this could make an ideal live above business set up or be sold as a separate dwelling.
Approximate Floor area: Ground Floor 37 sqm - First Floor Flat 37 sqm Total approx 74 sqm (TBC)
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PLEASE CONTACT US AT REGAL ESTATES 01304 611227
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