A fantastic opportunity to purchase a part let investment premises. The ground floor is let to a hairdressing salon for a duration of five years paying a passing rent of £4,200 per annum until October 2022. The 1st floor has been refurbished and now provides four lettable rooms with a shared bathroom and communal areas. We believe that the 1st floor could generate a rental income of £10,400 per year (if fully let). Therefore, a total potential combined income could be £14,600 per annum.
Location
The premises are located on the corner of Fenpark Road and Vivian Road.
Accommodation
Ground Floor:
Shop: 1,364 sq. ft.
Total NIA: 1,364 sq. ft.
1st Floor:
Bedroom 1: 220 sq. ft.
Bedroom 2: 162 sq. ft.
Bedroom 3: 151 sq. ft.
Bedroom 4: 171 sq. ft.
Kitchen: 163 sq. ft.
Bathroom: 66 sq. ft.
WC: ---
Total NIA: 933 sq. ft.
Total GF and FF NIA: 2,297 sq. ft.
Terms
SERVICES - Electricity, mains drainage and water are all connected. No services have been tested by the agents.
VAT - The sale price is not subject to VAT.
BUSINESS RATES:
Ground Floor:
Rateable Value: £5,100
Rates Payable: £2,544.90 pa (20/21)
EPC - Band D – Asset Rating 91
TENURE - Available freehold with current lease in place. Each party to pay their own legal fees.
*Lease can be made available upon request*
PRICE - £125,950
Specification
- Fantastic part let investment opportunity
- Ground floor let and income producing by way of a new 5-year lease paying £4,200 PA
- 1 st floor has been completely refurbished and provides 4 bedrooms with shared bathroom and communal area
- Total NIA 2,297 sq. ft.