Retail property (high street) for sale
Property description & features
- Tenure: Freehold
- Freehold Sale - £650,000
- Investment opportunity
- Current total income - £40,000 per annum
- Gross income: 6.1% yield, before costs
- Configuration - retail shop plus two bed flat
- Further details upon request
- Prominent location
- Close to M25
Mixed use investment opportunity, Freehold Sale Price - £650,000, the sale is not subject to VAT.
Self contained parts - ground floor retail unit plus residential flat on the first floor. Retail tenant - Creams Cafe franchise - with a retail income of £25,000 per annum. Retail lease details available upon request
The residential upper part consists of a two bedroom flat, with a residential income of £15,000 per annum. Residential tenancy details available upon request.
The development produces a total gross rental income of £40,000 per annum before costs. Each party to be responsible for their own legal costs. The Freehold Investment has a return frontage and is situated in a local retail parade.
Location
Prominent location in central Woodham - The building is located on Woodham Lane(B385) at the inter-section with Scotland Bridge Road and The Broadway, the M25 is within 10 minutes drive.
Viewings
By appointment with Stirling Ackroyd
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Property information from this agent
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