Mixed use investment with a potential income of £18,000pa

Mixed use investment consisting of a Café and Flat. Potential income of £18,000pa 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) and the café, which has recently been renovated, has a potential tenant at £800pcm (£9,600pa). 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 King's 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.