Rule & Rule are delighted to offer this very well maintained freehold investment opportunity comprising a ground floor retail premises, currently let on a new 10-year lease and two modernised 1 bedroom flats, both let on assured short-hold tenancies generating an annual rent of £27,000. The whole property has benefitted from significant investment this past 4 years and is fully up to date with fire regulations.
The property is situated in a prime town centre location and benefits from good footfall and vicinity to all local amenities. The shop is currently trading as an established funeral directors with the tenants about to sign a new longer 10 year lease at an increased rent of £1100 per month (£13,200). The two one bed flats are let at £650 per calendar month for flat 1 and £500 per calendar month for flat two, combined £13,800 per annum. Each flat has 1-bedroom, electric heating and modern kitchens and bathrooms.
Please Contact Mark at the office for further details.
Rule & Rule are delighted to offer this very well maintained freehold investment opportunity comprising a ground floor retail premises, currently let on a new 10-year lease and two modernised 1 bedroom flats, both let on assured short-hold tenancies generating an annual rent of £27,000. The whole property has benefitted from significant investment this past 4 years and is fully up to date with fire regulations.
The property is situated in a prime town centre location and benefits from good footfall and vicinity to all local amenities. The shop is currently trading as an established funeral directors with the tenants about to sign a new longer 10 year lease at an increased rent of £1100 per month (£13,200). The two one bed flats are let at £650 per calendar month for flat 1 and £500 per calendar month for flat two, combined £13,800 per annum. Each flat has 1-bedroom, electric heating and modern kitchens and bathrooms.
Please Contact Mark at the office for further details.
SHOP- FUNERAL DIRECTORS
Reception
21' 3'' MAX x 16' 6'' MAX (6.47m x 5.03m)
Fitted carpets, radiator panel, plate glass window to front.
Office
10' 6'' x 8' 6'' (3.20m x 2.59m)
Carpet, radiator panel, Power points.
Office
8' 0'' x 4' 6'' (2.44m x 1.37m)
Carpet, power points.
WC
8' 0'' x 7' 6'' (2.44m x 2.28m)
Vinyl floor, tiled walls, low level WC, vanity wash hand basin.
Kitchenette
7' 6'' x 4' 0'' (2.28m x 1.22m)
Vinyl floor, sink unit, cupboard space.
Mortuary
16' 9'' x 12' 0'' (5.10m x 3.65m)
Storage room
14' 6'' x 12' 0'' (4.42m x 3.65m)
Basement
Plenty of storage space. 6 foot standing head clearance with power.
1st FLOOR FLAT 1
Door to...
Hallway
door to...
Lounge
14' 3'' x 11' 3'' (4.34m x 3.43m)
Carpet, 2x double glazed windows, electric heater, power points.
Kitchen
9' 6'' x 5' 0'' (2.89m x 1.52m)
Fitted grey wall and floor cupboards, vinyl floor, space for washing machine, cooker, power points.
Bedroom
16' 9'' x 13' 9'' (5.10m x 4.19m)
Carpeted floor, 2x sash windows, electric heater, power points.
Bathroom
7' 3'' x 5' 6'' (2.21m x 1.68m)
Vinyl floor, low level WC, wash hand basin, panel bath with shower over, tiled walls.
2nd FLOOR FLAT 2
Door to..
Hallway
Door to..
Lounge
15' 0'' x 14' 0'' (4.57m x 4.26m)
Carpet, electric heater, double glazed window, power points.
Kitchen
9' 3'' x 5' 3'' (2.82m x 1.60m)
Vinyl floor, grey wall and floor cabinets, space for washing machine and fridge freezer, cooker, strip light, power points.
Bedroom
15' 9'' x 13' 3'' (4.80m x 4.04m)
Carpeted floor, electric heater, 2x secondary double glazed windows, power points.
Bathroom
9' 3'' x 5' 3'' (2.82m x 1.60m)
Vinyl floor, panel bath with shower over, wash hand basin, low level WC, tiled walls.
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This is a Freehold property.
