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Reference M5211

Investment Property (Shop and Flat) in Staffordshire For Sale

Investment Property (Shop and Flat) in Staffordshire For Sale

Register to see map and to make an appointment Semi-detached property, excellent main road trading position, residential area, STAFFORDSHIRE

Price £300,000

Features

Investment Premises (shop Plus Flat)

Ground floor DOUBLE FRONTED PREMISES in the region of 400 ft² at present operated as a Convenience store, let on a full repairing and insuring renewable lease. The present lease we understand having 8 years unexpired from July, 2019 and providing a rental income of £7,000 p.a. up to July, 2024, with rent to be agreed thereafter.

Accommodation

Included in the sale is a THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to Flat with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £500 per month. The accommodation comprises:

1 Large double bedroom
1 Large Lounge
Kitchen.
Bathroom with bath, w.c. and wash hand basin

Outside

Small Yard

Tenure

FREEHOLD.

AS WILL BE APPRECIATED THE COMBINED RENTAL INCOME AT THE PRESENT TIME FROM THE GROUND FLOOR SHOP & FLAT OVER IS £13,000 P.A.

RECOMMENDED FOR EARLY INSPECTION

Price

OFFERS INVITED FOR THIS FREEHOLD INVESTMENT £300,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 210,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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