3 No. Adjoining mid terraced properties with commercial use on the ground and basement floors and planning permission for residential at first floor.
Current income circa £33,000 per annum reflecting a Net Initial Yield of 7.3% (based on purchaser costs of 6.75%).
Estimated Rental Valuation of £66,500 based on conversion of first floor to residential and full occupancy.
Prominent Town Centre Location
Car parking to the rear
Price - 425,000 exclusive
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The property comprises 3 No. Adjoining mid terraced traditional premises, arranged as 3 No. Retail units at ground floor with separately accessed first floor accommodation which has the benefit of planning permission for 3 flats (2 x 2 bed and 1 x 3 bed). To the rear of the property there is a car parking area.
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