Warrington Road, Ince WN3 Mixed use for sale

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Warrington Road, Ince WN3 Mixed use for sale

Warrington Road, Ince WN3
£175,000

Our Summary

  • MIXED USE INVESTMENT OPPORTUNITYFOR SALE SUBJECT TO EXISTING TENANCIES- Ground Floor: Tanning Salon let until April 2027 at £500pcm- First Floor: One bedroom flat let on a period AST at £420pcm£11,040pa gross income with scope to improve once existing tenancies expire / refurbishment of flat to £19,000pa

Description

This mixed-use investment opportunity is comprised of a commercial unit and a residential flat, both let to existing tenants. The ground floor commercial space is currently operating as a tanning salon, with a lease until April 2027 at £500 per month, generating a gross income of £6,000 per year. The first floor residential flat is let on a periodic assured shorthold tenancy at £420 per month, bringing the total gross income to £11,040 per year. Once the existing tenancies expire, there is scope to improve the flat's rent to £19,000 per year. The property offers a unique investment opportunity with potential for capital appreciation and rental growth.
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