A Commercial & Residential Investment Producing £4,560 per annum (with a potential Income of £9,120 per annum).
The property comprises a mid terrace mixed use building arranged over ground and first floors providing a ground floor lock up shop with a first floor one bedroom self-contained flat.
The property occupies a prominent position along a primary parade of shops in Ribbleton. Other occupiers include William Hill and numerous local established traders. Transport links are provided by Preston rail station.
Ground Floor Office Area Kitchen Area Separate WC & wash basin First Floor Reception Room Bedroom Kitchen Bathroom with WC & wash basin
The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing February 2019 at a rent of £380 per calendar month. We understand that the seller (currently in occupation) is happy to sell with either vacant possession or to sign a lease for the commercial element at a rent of £4,560 per annum. This would increase the rent from £4,560 to £9,120 upon completion.
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.