Freehold investment property, 3 units, fully let, 16% gross yield

A substantial, mixed use, freehold property in a prime trading position comprising ground floor hairs salon, basement flat and upper flat. The property is fully let producing an excellent income of £9,620 per annum which equates to a gross yield of 16% at the guide price.

Tenure

See Legal Pack

Ground Floor Hallway

with access to salon, basement flat and upper flat;

The Shop

Hair Salon - 26' x 11' approx with WC;

Upper Flat - 94a, Senhouse Street

First Floor Hall; Front Sitting Room - 16' x 15'9 with double doors into:- Kitchen - 12'3 x 8'3; Second Floor Landing; Bedroom 1 - 15' x 8'9; Bedroom 2 - 15' x 6'9; Bathroom - 8'3 x 5'3 with bath, basin and WC.

Basement Flat - 94b, Senhouse Street

Hall; Living Room/Kitchen - 15' x 11'; Bedroom - 11' x 7'; Shower Room - 7'9 x 6' with shower, basin and WC; Store Room - 14'9 x 14'6 - this room has no window. N.B. This flat has access from the main, ground floor hall and also from the rear yard.

Outside

Rear yard with pedestrian access and fire escape.

Tenancies

Hair salon, long standing tenant at £45 per week = £2,340 per annum; Basement flat, new tenant on Assured Shorthold Tenancy at £65 per week = £3,380 per annum; Upper flat, long standing tenant at £325 per month = £3,900 per annum.

Viewing

Please telephone 01900 602777

Energy Efficiency Rating (EPC)

Current Rating TBC

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.