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1 bed end of terrace house
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Our Summary
- Investment Opportunity- Retail Unit & Flat Offered for sale is a freehold retail unit to the ground floor and a refurbished occupied one bedroom residential unit located behind behind, The building provides an ideal investment opportunity with both units let on the same agreement at £800 per month, therefore producing a combined annual income of £9,625 per annum
- In our opinion, there is scope for uplift with the income, with one bedroom flats in the area obtaining between £600 -£700 p/c/m
- Market rent for the commercial unit would also be circa £6000 per annum, therefore potentially increasing the potential gross combined annual rent to approximately £14,000 per annum
- Rear Residential Unit Entrance porch, spacious lounge, kitchen/breakfast room, large double bedroom, shower room, utility room Viewing Via Auction House on
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Description
This end of terrace property is a retail premises with a refurbished residential unit above. The ground floor retail unit has a main area, store/staff room, kitchenette, and a wc. The upper floor residential unit has a lounge, kitchen, bedroom, shower room, and utility room.
The property is located on the main high street of Aberkenfig, near local operators and with good access to the M4 motorway. The retail unit is let at £800 per month, and the residential unit is sold on a long leasehold basis with an annual ground rent of £25.