About the property
A fantastic opportunity to purchase this mixed use premises, located in this popular location on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property includes a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. In addition to this, it also includes 2 first floor flats which are both currently let at £75 and £60 per week respectively, equating to £7,020 per annum. We anticipate the retail unit to generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.
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A fantastic opportunity to purchase this mixed use premises, located in this popular location on Freeman Street. Nearby Vendors include Boots, Asda supermarket and Wilkos. The property includes a well proportioned ground floor retail area approximately 62.89sqm/676sqft in size, comprising of 2 w.c.'s and a generous sized basement of 48.51sqm/522.15 sqft. In addition to this, it also includes 2 first floor flats which are both currently let at £75 and £60 per week respectively, equating to £7,020 per annum. We anticipate the retail unit to generate an income of £4,800 per annum, which combined generates an income of £11,820 per annum. At the current asking price, this represents a yield of just shy of 10.3%, making this an extremely attractive investment opportunity.
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Important information
This is a Freehold property.
This Council Tax band for this property is: A
EPC Rating is F