Fully Let Shop and Three Self-Contained Flats, Producing £21,780 pa
Deceptively spacious corner property briefly comprising ground floor front retail unit trading as a cafe together with two bedroom self contained flat above, plus two further one bedroom flats to the rear (1 x ground floor, 1 x first floor). The entire property is currently fully let as follows:
See Legal Pack
Ground Floor (Sandwich Shop/Cafe)
Let on a three year lease from July 2017 at a rental of £575 pcm.
First Floor Front
Two bedroom flat let at £450 pcm.
First Floor Rear
One bedroom flat let at £400 pcm.
Rear Ground Floor
One bedroom flat let at £385 pcm.
In addition we understand there is an income of approximately £60 pa for the advertising hoardings on the gable. The total rental income is therefore £1,815 pcm / £21,780 pa. We are informed by the vendor that all the tenants are professional persons and the property is fully compliant for fire, gas and building regulations. The flats are fitted with UPVc double glazing, fitted kitchens and gas fired central heating. The property is situated in the centre of Bamber Bridge fronting onto Station Road (B6258) at the junction of Duke Street where unrestricted parking is available.
Energy Efficiency Rating (EPC)
Current Rating C, C & D
South Ribble 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.