Office

This mixed commercial/residential property represents a fantastic investment opportunity with approximately 2244 sq ft, comprising vacant ground floor office space with three office rooms, kitchenette and two toilet rooms. To the first floor there are two spacious one bedroom apartments, recently refurbished and both currently tenanted. The property is located on the High Street of the regenerated Madeley Town Centre. The apartments comprise entrance hallway, lounge/dining room, kitchen, double bedroom and a refitted shower room. The property benefits rear gardens and car parking, the office has a large basement cellar. The two flats currently yield £950 pcm. Whilst the office space is currently vacant, when previously fully let the property yielded a gross income of £1700 pcm which, at the current asking price of £265,000 equates to a yield of over 7%. The ground floor office space is suitable for re-letting or for the freeholder’s own occupation, it also offers the potential for conversion into additional residential accommodation (subject to the required permissions).