1 bedroom semi-detached house for sale

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1 bedroom semi-detached house for sale

Nene Quay, Wisbech
£200,000

Our Summary

  • The commercial unit has the potential for redevelopment to 2 or 3 flats subject to planning permission
  • The property is Grade II listed and the commercial property does require some refurbishment works

Description

The property is a five-flat building currently producing £26,400 per annum in rent, with a vacant commercial unit that has the potential for redevelopment into two or three flats subject to planning permission. The property is Grade II listed and requires some refurbishment works, but all five flats are let on ASTs with 4 on rolling contracts and 1 up for renewal shortly. The commercial unit is being sold as one lot, but is on separate titles, and the income from the flats is £525, £360, £390, £475, and £450 per month. The property is located in the popular Fenland market town of Wisbech, with easy access to the town centre and regular train services to Peterborough. Viewings are by arrangement with the joint auctioneers, William H Brown, and the guide price is intended to provide purchasers with an indication of the region at which the reserve may be set.
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