FREEHOLD
A mid terrace building comprising 3 Ground Floor Shops (2 Shops sold off) with separate front access to a Self-Contained Maisonette and 3 Self-Contained Flats on the upper floors (all sold off).
The shop at No. 22a is at present let to an Individual for a term of 5 Years from 5th September 2022 at a current rent of £7,020 p.a. Open market rent review in September 2025. No breaks. Deposit held of £1,140.
The 4 residential flats above produce total ground rent of £400 p.a. (£100 each). The other two shops are sold off on long lease at peppercorn.
Freehold
Price: £75,000
3 shops (2 sold off)
4 flats (all sold off)
Shop Rent: £7,420 pa (9.89% Initial yield)
5 years from 2022
Management Opportunity
VAT is not applicable
Copyright © 2018-2023 Adge Property - All Rights Reserved.