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.
Tenure
Freehold
Location
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.
Accommodation
Ground Floor Office Area Kitchen Area Separate WC & wash basin First Floor Reception Room Bedroom Kitchen Bathroom with WC & wash basin
Tenancy
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.
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 £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.