Investment Properties for sale in Alston

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FREEHOLD INVESTMENT PROPERTY

Alston, Cumbria, England

  • Freehold Price: £149,000  Price Reduced arrow_drop_down
Seller Reference: MA1128
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Business Description
 
 
 
 
 
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Seller Reference: MA1128
Request Details
Business Description
• Shop and Maisonette situated in the historic north Pennines market town of Alston
• Shop is currently let to fish and chip takeaway business
• Self contained upper floor 3 bedroom maisonette let on short term agreement
• Excellent investment producing an income of £17,620 per annum

Location
Alston is Englands highest market town, situated in the north Pennines at the juncture of the A686 Penrith to Hexham Road and the A689 Brampton to Durham Road. It is an historic and tourist town noted for cobbled streets, the Pennine Way, the South Tynedale Railway and many other visitor attractions in the locality. The coast to coast cycle route passes close by as well as the popular Hartside pass and is a designated area of outstanding natural beauty.

Description
A mid-terrace period town centre property with ground floor shop and spacious upper floor maisonette serviced by separate rear access.

Accommodation
Ground Floor
Shop (6.35m x 4.67m) with stainless steel takeaway servery, frying equipment and drinks display fridge;
Store/ Prep Room (3.45m x 3.53m) with stainless steel wash basin and fridge/freezer units;
Separate Wc;
External Store;

First Floor
Living Room (5.95m x 4.64m) including built in cupboards and electric fire;
Kitchen (4.51m x 4.36m) with wall and base units, stainless steel sink unit, plumbing for washing machine and spotlights;
Bathroom (2.69m x 2.35m)

Second Floor
Bedroom 1 (3.31m x 5.00m)
Bedroom 2 (3.20m x 5.00m)
Bedroom 3 (3.52m x 3.48m)

Outside
Walled seating area to the front.

All references to areas and dimensions are deemed to be approximate.

Services
We are advised that mains water, electricity, gas and drainage are connected to the property. No warranty is given regarding the working order of any appliances or services referred to in these particulars.

Tenure
We are advised the property is freehold.

Occupational Agreements
The shop is currently let to L Patterson on a 10 year lease from 22 January 2018 at a current rent of £12,220 per annum with annual reviews (a copy of the lease is available from the agents on request).

The maisonette is let on an assured shorthold tenancy at a rent of £450 per calendar month.

Rates
Description in list: Shop & Premises
Rateable Value: £2,800
Council Tax: Band A

The property qualifies for 100% small business relief.

Fixtures and Fittings
Any items in the nature of fixtures and fittings not referred to in these particulars are excluded.
Tenure:
Freehold
Listed by:
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