Tenanted Convenience Store with Refurbished S/C One Bedroom Flat and Three Bedroom HMO - Potential Rental Income of £29,800pa
A detached building which has been fully refurbished throughout and provides the following accommodation: Tenanted double fronted retail unit currently let to a private individual as a Convenience Store and Off Licence on a 10 year lease at £12,400 pa. There is a break option in year 5. We are informed that the tenant also operates 3 other similar stores in the area. The expected income from the first floor HMO bedrooms would be £350 each per calendar month per room equating to £12,600 pa. The property when fully let has the potential top produce £29,800 pa. Externally the rear of the property provides sufficient space for possible parking/loading area, the property is located with frontage looking onto Wigan Road in the residential area of West Leigh with local amenities close by.
See Legal Pack
Ground floor flat comprises a fully refurbished 1 bed flat providing lounge/kitchen/diner with one double bedroom and shower room with w.c. Estimated rental if £400 pcm (£4,800 pa).
The first floor provides a 3 bed HMO each bedroom is en-suite plus shared lounge/kitchen.
Energy Efficiency Rating (EPC)
Current Rating TBC
Wigan Metropolitan Borough Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 inc 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.