Description EXCELLENT INVESTMENT OPPORTUNITY
We are delighted to offer for sale this recently refurbished investment opportunity, currently comprising a Retail Shop with Basement; plus two, one Bedroomed Apartments, all fully Let producing an Annual Income of £14,260. Potential Annual income being £16,000+.
All are separately metered with the apartments let on 6 monthly assured Shorthold Tenancies with a shared hallway access via the rear yard. Each have modern electric panel heaters, Fitted Kitchen with Split level Oven and Hob and Extractor Hoods. They have white Modern Shower suites and are currently let out on Assured shorthold agreements.
Accommodation LOCK UP SHOP Lock up shop currently let out on a new 3 year lease from 1st February 2017. Current income of £4,420 per year rising to £5,980 in year three. The property was fully refurbished at the end of 2016.
FIRST FLOOR FLAT 26a Derby Road currently let on a 6 month assured shorthold tenancy and rental of £395 per calendar month and comprises the following:
Shared Communal Access via Gated Rear yard. With External Staircase and UPVC door leading to Communal hall. Internal UPVC Door to inner hallway, Living Kitchen with twin UPVC DG windows, inset single draining sink, fitted kitchen with split level oven and hob, stainless steel extractor. Fridge freezer and washing machine, modern Shower room in white, Bedroom with UPVC window and Electric panel heater.
SECOND FLOOR FLAT 26b Derby Road currently let on a 6 month Assured shorthold tenancy at a rent of £425 per calendar month and comprises the following:
Inner stairs to UPVC door, inner hallway, Living kitchen With UPVC double Glazed window, inset single draining sink unit, Fitted Kitchens, Split level oven and hob with extractor hood, Fridge Freezer and washing machine, electric panel heater,
Shower room in white, Double bedroom with electric panel Heater and twin UPVC double glazed windows.