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Church Street, Stapleford 7 bed detached house for sale
Church Street, Stapleford NG9
£425,000
Church Street, Stapleford NG9
£425,000
Our Summary
- Currently made up of two offices to the ground floor (with one having planning permission under permitted development to be converted into two one bedroom flats) and three flats above (one three bedroom and two one bedroom) it presents as a fantastic investment opportunity with a potential yield of up to 9%
- There is also planning under permitted development to convert the unit into two one bedroom flats
- The occupied units currently generating a combined annual income of £21,710 and there is scope to increase the ROI beyond this amount
- Rare Investment Opportunity
- Scope To Increase ROI
Description
This development in Stapleford offers a unique investment opportunity, comprising of two offices on the ground floor with planning permission to convert one into two one-bedroom flats, and three flats above. The site includes a vacant office space with a potential annual income of £7,600, which could increase to £16,200 if converted, as well as three occupied office spaces generating a combined annual income of £21,710. The property also features two allocated parking spaces for each office unit, three garages for the residential flats, and four additional parking spaces. With a potential yield of up to 9%, this development presents a fantastic opportunity for investors to generate significant returns.