Town centre investment property

A freehold, town centre investment property occupying a prime position which comprises 4 self-contained residential units plus a vacant former warehouse/office unit behind which is capable of further development subject to planning consent. 3 of the units are let producing an immediate income of £13,476 per annum. When fully let it will produce a gross yield of 14% at the guide price.

Tenure

See Legal Pack

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Unit 7 - Ground Floor Studio let at £341 per month

Vestibule Living room/bedroom - 18'3 x 11'3 Kitchen - 6'9 x 4'3 Shower room - 7' x 4'6.

Unit 7a - first & second floor maisonette currently vacant

Approached via side passage to rear yard area. First Floor - Sitting Room - 13'6 x 11'3 Kitchen - 8'9 x 8' Second Floor - Bedroom - 11'3 x 7'6 Bathroom - 11'9 x 7'9.

Unit 9 - ground floor studio let at £341 per month

Vestibule Living room/bedroom - 14'9 x 13'6 + recess Kitchen - 10' x 4' Shower room - 6'9 x 3'9 ave.

Unit 9a - first & second floor maisonette let at £441 per month

Approached via side passage to rear yard area. First Floor - Sitting Room - 14'3 x 13' Kitchen - 10'6 x 8' Bathroom - 10'9 x 5' Second Floor - Bedroom 1 - 12'9 x 7'3 Bedroom 2 - 13' x 10'9

Vacant rear warehouse/office unit

Energy Efficiency Rating (EPC)

Current Rating C E C E

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Allerdale Borough Council

Solicitors

Pearson Legal, Ref: Gary Jones, Tel: 0161 684 6951

Additional Fees

Administration Charge - £1200 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.