*Guide | £150,000 - £175,000 (plus fees)
- Mixed Use
- 2 Bedrooms
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Mid Terrace Building Arranged to Provide a Ground Floor Retail Unit and a First and Second Floor Two Bedroom Split Level Flat. Fully Let Producing £19,800 Per Annum (Reflecting a Gross Initial Yield of 13.2%)
The property comprises a mid terrace building arranged to provide a ground floor retail unit and a first and second floor two bedroom split level flat benefitting from separate access at the rear.
Tenure
Freehold
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Alexandra Park are within easy reach. Transport links are provided by St Leonards Warrior Square rail station.
Accommodation
Ground Floor Retail Unit First and Second Floor Two Bedroom Flat
Exterior
The property benefits from a rear yard
Tenancy
The retail unit is subject to a 10 year lease from 2022 at a rent of £700 per calendar month. The flat is subject to an Assured Shorthold Tenancy at a rent of £950 per calendar month.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
