A mixed use investment with a Café and a first and second floor 2/3 bed Flat. Producing £18,000 from Ocotber 2016

Mixed use investment consisting of a Café and Flat. Income of £18,000pa (from October 2016) This mid terrace building comprises of a ground floor café and a two/three bedroom flat above set over two floors. The flat is currently let on an AST at £700pcm (£8,400pa). The café has recently been renovated and is let from 1st October 2016 at £800pcm (£9,600pa). The overall income for the property will be £18,000pa. The property is located in St James Street, with views of the Greyfriars tower and gardens and is well situated for all the local facilities including a main line rail link into Cambridge and London Kings Cross.

Tenure

Freehold

Description

Ground Floor

Café area, kitchen, w/c

First Floor

Lounge, dining room, kitchen, bathroom, separate w/c

Second Floor

Two bedrooms

Outside

Parking for 3 cars at the rear

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating D

Services

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

Local Authority

Borough Council of King's Lynn and West Norfolk. Tel: 01553 616200

Solicitors

Cripps LLP, Wallside House, 12 Mount Ephrain Road, Tunbridge Wells, Kent TN1 1EG, Ref: Mr Piers Woods, Tel: 01892 506 280

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.