Freehold investment property with 4 units

A freehold investment property with 4 separate units, situated near the centre of the town. The property comprises a ground floor flat, two first floor bedsits and a rear workshop which is capable of development subject to planning. The flat and one bedsit are each let at £70 per week on AST's to longstanding tenants and one bedsit and the workshop are offered with vacant possession. The buyer will receive an immediate income of £7,280 per annum and the property is capable of producing a 20% yield when fully let.

Tenure

See Legal Pack

What3words location ///squirts.paints.fake

Ground Floor Workshop vacant

Rear Workshop 25' x 18' max

No. 3 Ground Floor let at £70 per week

Hall with shower Sitting Room 12'6 x 10'9 Kitchen 8'9 x 8'3 Bedroom 11'6 x 8'6 WC

No. 2 First Floor vacant

Bedsitting Room 13'6 x 12' Kitchen 8'3 x 6' Bathroom 8' x 5'6

No. 1 First Floor let at £70 per week

Bedsitting Room 15'6 x 12'9 Kitchen 12' x 4' + recess Shower Room 8'6 x 4'

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.