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8 bed house
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Description
The property is a prominent corner building with two commercial premises, generating over £130,000 per annum in rental income. The commercial spaces currently produce £45,000 per annum. The upper parts of the building are arranged as three flats, including a 1st floor 3-bedroom flat, a 2nd floor 4-bedroom flat, and a split-level flat on the top floor.
Each flat is rented on a different arrangement: the 1st floor and 2nd floor flats are held on assured shorthold tenancies (AST), producing £33,000 and £46,200 respectively, while the top floor flat is held on a regulated tenancy, producing £7560 per annum.