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Our Summary
- A second, slightly larger portfolio in the same ownership is also being offered in this auction as a separate lot
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Description
The property is a freehold mixed-use portfolio of 7 properties, consisting of 4 retail shops and 3 residential flats, located in Driffield on the outer fringe of the town centre's main shopping thoroughfare. The retail units are arranged at ground floor level with residential flats above, and the entire property is currently fully occupied, generating a gross income of £40,500 per annum. The property was originally a public house built in the early 20th century before being converted in the early 21st century.
The EPC ratings are E or above, and there are no known requirements for major structural expenditure. The properties are configured with retail at ground floor and residential flats above, forming a parade that serves local day-to-day demand.