An end of terrace property comprising of ground floor shop and first floor flat. The shop is currently let by a successful tattoo studio on a long term lease. The current tenant is keen to stay and has a right to renew within the lease. The flat is currently vacant but would be very sought after by prospective tenants.
Ground Floor: Entrance/reception area, treatment room, WC
first floor: Kitchen/dining room, living room, bedroom, bathroom
Outside: Small courtyard area
Ground floor shop is let on a five year lease which commenced 23/03/17 at £433 pcm (£5,196 pa). The advertising board generates £250 per annum. The first floor flat was previously let at £368.33 pcm (£4,420 pa). This property has a potential yield of 12.65% + when fully let.
Advised Freehold - to be verified by solicitor
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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