Investment Properties for sale in Filey

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Mr & Mrs Campbell (Jan 2015)
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Freehold Price: £275,000
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Business Description

An opportunity to acquire this freehold investment property in this commanding main road trading position in Filey town centre with parking right outside. The present tenants comprise two HIGHLY PROFITABLE BUSINESSES and a self-contained apartment on the upper floor. The first unit is a convenience store and the other retails gardening items, gifts and fancy goods. The first unit currently returns £5,000 per annum, however, this increases to £10,000 per annum in September 2017. The second unit returns £10,000 per annum. The apartment above the shops return £6,168 per annum. WITHIN 12 MONTHS, THE RENTAL INCOME WILL BE £26,138 PER ANNUM. The property has two sides; the first being the convenience side offering a full range of greengrocery, grocery items and news sweets and tobacco. The other side offering a very large walk round showroom retailing greeting cards, gifts, flowers and gardening goods, walk in cold room, various store rooms, two toilets and wash hand basin, bin store, spacious private office. There is also a self-contained 3 BEDROOM APARTMENT above the two retail units which will be available upon completion. The apartment comprises: Lounge, dining kitchen, three bedrooms, bathroom and separate WC.
EPC Band D.
Tenure: Freehold

Listed by: Ernest Wilson
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