Investment property - immediate £16,500 pa income

A freehold, town centre investment property producing an immediate income of £16,800 per annum, a gross yield of 12% (mid guide price) with potential for further development. It occupies a prime position near the town centre and comprises 4 self contained tenanted residential units plus a vacant former warehouse/office unit behind which is capable of further development subject to the usual planning requirements.

Tenure

See Legal Pack

7, Wilson Street - ground floor studio let at £330 pcm

Vestibule; Living room/bedroom - 18'3 x 11'3; Kitchen - 6'9 x 4'3; Shower room - 7' x 4'6.

9, Wilson Street - ground floor studio let at £330 pcm

Vestibule; Living room/bedroom - 14'9 x 13'6 + recess; Kitchen - 10' x 4'; Shower room - 6'9 x 3'9 ave.

7a, Wilson Street - first & second floor maisonette let at £340 pcm

Approached via side passage to rear yard area. First Floor - Sitting Room - 13'6 x 11'3; Kitchen - 8'9 x 8'; Second Floor - Bedroom - 11'3 x 7'6; Bathroom - 11'9 x 7'9.

9a, Wilson Street - first & second floor maisonette let at £400pcm

Approached via side passage to rear yard area. First Floor - Sitting Room - 14'3 x 13'; Kitchen - 10'6 x 8'; Bathroom - 10'9 x 5'; Second Floor - Bedroom 1 - 12'9 x 7'3; Bedroom 2 - 13' x 10'9.

Former Warehouse/office unit behind

Approached via side passage. Ground Floor - Hallway; Office - First Floor - Two inter connecting rooms - 16' x 15' + 13'6 x 14' ave with outer side door to exterior steps adjacent to the warehouse down to the rear yard area.

Viewing

01228 510552

Energy Efficiency Rating (EPC)

Current Rating C E C E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Allerdale Borough Council

Additional Fees

Administration Charge - £900 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.