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5 bed semi-detached house
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Our Summary
- Investment Highlights Freehold mixed-use investment Ground floor retail unit Three self-contained residential units Additional income from advertising board Total passing rent of £63,320 per annum Long-established retail tenant in occupation since 2011 Rear studio tenant in occupation since 2008 Attractive combination of commercial and residential income Asset management and future value-add potential (subject to the necessary consents where applicable) An ideal opportunity for investors seeking a diversified income-producing asset with established occupiers and immediate rental income
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Description
The property is a freehold mixed-use investment comprising a ground floor retail unit, three self-contained residential units, and an income-producing advertising board. The retail unit is occupied by a long-established tenant, producing £16,120 per year, and has a rear studio flat that is currently vacant. The upper floors contain a 3-bedroom flat and a studio flat, both let on 12-month ASTs, producing £21,000 and £12,000 per year, respectively.
The advertising board, located at the entrance, is let to Big Reach Media UK Ltd and provides an additional £2,200 in annual income. The property features various rooms, including a kitchen/lounge, bathrooms, bedrooms, and a shower room, with dimensions ranging from 8'1" x 8'4" to 15'8" x 15'5".