This property is no longer on the market
3 bedroom maisonette
Key information
Property description & features
- Tenure: Freehold
- Mixed Commercial/Residential Premises - Business Not Affected
- High Street Location
- Sea Views
- Renovation Work Required
- Three Bedroom Maisonette
- Long Term Commercial Tenant
- Close To Sea Front
- Potential To Improve Rental Income
- Airbnb Option
- Plans Available For Conversion To Two Flats
The ground floor commercial premises is currently tenanted to a long term tenant who runs a tanning salon. The existing lease has expired and is now in a state of 'holding over'. The rent is currently paid monthly and is set at £950PCM. Please note the commercial business is not affected by the sale.
The residential accommodation comprises of a three bedroom maisonette and access is from the High Street. The flat is very spacious and has sea views on offer. If renovated and let as a three bedroom flat due to location and size this accommodation could achieve around £600/£650PCM*.
Plans were previously drawn up to split this premises into two self-contained flats. The plans for this are available on request however planning permission would still need to be applied for.
As Airbnb accommodation is proving popular in this area there would be plenty of scope to renovate and let to this market therefore maximising the rental return.
Potential rental income if maisonette is renovated and let as a three bedroom flat up to £19,200 per annum providing an approximate gross rental yield of up to 8.35% at the current asking price.
Viewings can be arranged by contacting the Agent.
*Please note that the figures shown are estimates at time of marketing. Market conditions and rental amounts do fluctuate so you should always rely on your own independent research.
Commercial Premises
Shop Area: 35'3" x 54'5" (10.74m x 16.59m)
Kitchen: 5'6" x 6'5" (1.68m x 1.96m)
Toilet: 6'3" x 2'9" (1.91m x 0.84m)
Storage Room: 8'2" x 6'3" (2.49m x 1.91m)
Entrance Hallway: 3'5" x 13'4" (1.04m x 4.06m), Single Radiator.
Stairs Leading To First Floor Accommodation: Carpeted.
Bedroom 1 (Front): 17'9" x 13'2" (5.41m x 4.01m), Carpeted. Double Radiator.
Bathroom: 10'6" x 8'5" (3.20m x 2.57m), Single Radiator. Toilet. Bath With Mira Sport Shower. Pedestal Sink. Partially Tiled.
Open Plan Kitchen/Living Area: 19'4" x 15'6" (5.89m x 4.72m), Kitchen Area:
Vinyl Tile Effect Flooring. Fitted Base And Wall Units. Stainless Steel Mixer Tap. Plumbing For Washer. Extractor Hood. Black Formica Marble Effect Worktops.
Living Area:
Carpeted. Fireplace With Electric Fire. Double Radiator.
Bedroom 2 (Rear): 14'2" x 13'6" (4.32m x 4.11m), Carpeted. Double Radiator. Sea Views.
Hallway: 25'0" x 3'8" (7.62m x 1.12m), Carpeted. Storage Cupboard With Ideal Combi Boiler. Two Single Radiators.
Stairs Leading To Second Floor Accommodation: Carpeted. Double Radiator. Sea Views.
En-Suite Shower Room: 6'3" x 10'9" (1.91m x 3.28m), Single Radiator. Shower Cubicle With Mira Shower. Partially Tiled. Wash Hand basin. Toilet.
Bedroom 3: 14'1" x 14'1" (4.29m x 4.29m), Bedroom 3
Carpeted. Double Radiator. Loft Hatch. En-Suite Off.
Living Room: Juliet Balcony With Sea Views. Fireplace With Electric Fire. Carpeted. Double Radiator. Archway Leading To Bedroom 3.
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