Mixed use investment property - potential 20% gross yield

A freehold shop and self contained first floor flat in a good central position. The flat is let on an Assured Shorthold Tenancy at £310 a month giving an immediate income of £3,720 pa. The shop is currently vacant but was last let at £550 per month to a health clinic. It is suitable for a variety of uses subject to the usual planning requirements. Capable of producing over £10,000 pa when fully let giving a supberb gross yield of 20% at the guide price.

Tenure

See Legal Pack

Ground Floor

Shop - 19' depth x 10'9 frontage and 8' rear width; rear hall with WC & basin, access to rear yard and 2 Treatment Rooms - 13'6 x 8'3 & 13'6 x 8'6

First Floor self contained Flat

Front Sitting Room - 14'6 x 11' with storage heater; Kitchen - 8' x 8' with range of units, oven and hob; Bedroom - 8'3 x 7' with storage heater; Shower Room with basin and WC.

Viewing

Please telephone 01900 602777.

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

Arnison Heelis, 1 St Andrews Place, Penrith, CA11 7AW, Ref: Chris Ryder, Tel: 01768 862007

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £720 inc VAT

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