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.Read more
This is a Freehold property.