Floorplan
MapMixed use
Features and description
- Fully let mixed use investment property
- Two retail units and a duplex two bedroom apartment
- Rental income: £28,440 per annum
- 7.68% gross yield
- Property has undergone extensive renovation
Retail Unit 1C is currently leased to GAIA Coffee and Food to Go under a 5 year lease, generating an annual rental income of £9,240. The unit features a ground floor retail area, first-floor storage/office space, and a WC, totalling 345 sq ft.
The retail unit facing Lord Street/Market Hill is occupied by the Model Shop under a rolling 12 month lease, yielding an annual rental income of £7,200. This unit includes a ground floor retail area, workshop, WC, and basement storage, covering 435 sq ft.
Furthermore, the property features a self contained duplex apartment with a private entrance, consisting of an open plan lounge and kitchen, WC, bathroom, and two bedrooms, currently generating £1,000 per month in rental income.
Benefiting from recent extensive renovations, including exterior enhancements, a newly installed roof, and a fully refurbished apartment, this property is primed for long-term investment success.
Tenure: Freehold
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