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)
VIEWINGS ARRANGEMENTS ARE BY APPOINTMENT ONLY
PLEASE CONTACT US AT REGAL ESTATES 01304 611227
TO BOOK YOUR APPOINTMENT TO VIEW.
Click here for more details
