Freehold investment property - 3 letting units - 12% immediate gross yield

A substantial, mixed use, freehold, town centre property in a prime trading position. It offers three separate letting units over four floors as follows:- vacant Basement Flat in need of modernisation; vacant ground floor shop unit last used as a hairdressers; Upper Flat on first and second floors currently let at £500 pcm giving an immediate gross yield of 12% (at the guide price).

Ground Floor Shop Unit

Vacant Hair Salon 26' x 11' overall with WC

Basement Flat 94b

Hallway Living room/kitchen 15' x 11' Bedroom 11' x 7' Shower room 7'9 x 6' Store room 14'9 x 14'6 NB this unit has access from the rear yard and also the main ground floor hall

Upper Flat 94a - let at £500 pcm

First Floor:- Living Room 16' x 15'9 Kitchen 12'3 x 8'3 Second Floor:- Bedroom 1 15' x 8'9 Bedroom 2 15' x 6'9 Bathroom 8'3 x 5'3.

Energy Efficiency Rating (EPC)

Current Rating DEE

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

Solicitors

Thomson Hayton Winkley Solicitors, 114-116 Stricklandgate, Ref: Stuart Bailey, Tel: 015397 21945

Additional Fees

Administration Charge - £1200 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.