Freehold, mixed use investment property

A substantial three storey block of freehold property situated on the corner of Senhouse Street and Furnace Lane. An excellent mixed use investment property comprising a ground floor shop unit and two self contained flats on the upper floors. The shop and first floor flat are let producing an Immediate income of £11,400 pa = 12.6% gross yield of at the guide price, this could be enhanced to £17,400 pa and 19.3% when the top flat is let.

Tenure

See Legal Pack

Ground Floor - Let at £400pcm

Shop 20' x 13'6 Store Hall WC Kitchen

First Floor - 65a - Let at £450pcm

Hall Kitchen 11' x 8' Sitting Room 12'6 x 11' Bedroom 10'3 x 9'6 + recess Bathroom 6'6 x 5'6

Second Floor - 65b - vacant

Hall Bedroom 9'6 x 9'3 Bedroom 9'3 x 7'3 Sitting Room 12'6 x 11'3 Kitchen 11' x 9'3 Bathroom 11'9 x 6'3

Outside

Rear passage with Store.

Energy Efficiency Rating (EPC)

Current Rating DED

Services

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

Local Authority

Cumberland Council

Solicitors

Milburns Solicitors, 25-26 Church Street, Ref: Julie-Anne Miller, Tel: 01900 67363

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 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.