INVESTMENT PROPERTY – Net Initial Yield is 10.62%, increasing to 11.55% as of 1st January 2024, after allowing for normal purchasers costs
INVESTMENT PROPERTY – Net Initial Yield is 10.62%, increasing to 11.55% as of 1st January 2024, after allowing for normal purchasers costs
Description
INVESTMENT PROPERTY – Net Initial Yield is 10.62%, increasing to 11.55% as of 1st January 2024, after allowing for normal purchasers costs
Attractive investment opportunity, currently fully let as a gift store, small business platform and collaboration space in the ground floor and 4 bedroom let with shared facilities on the upper floors. The commercial premises benefits from a good size floor sales area which is 32.76 sq m (353 sq ft) with a rear meeting room and facilities which extend to 21.5 sq m (231 sq ft). It also benefits from a new double glazed frontage, insulation and new electrics. The workshop area at back has new flooring, in built large storage cupboards, WC with sink and a kitchenette.
The property has been refurbished recently and the high quality finish can only be fully appreciated by undertaking an internal inspection. Improvements include new sash double glazing on side of property, refurbished original glazing with secondary glazing on the front to conform with conservation area, roof repairs, pointing/chimney stacks were all checked, rewire and fully insulated, etc.
The upper floors are a total of 112.52 sq m (1,211 sq ft) and consists of 4 bedrooms which are rented out on separate assured shorthold tenancy agreements with communal bathrooms, kitchens and living spaces. The kitchen comes with integrated washing machine, dishwasher, fridge freezer, oven and hob with extractor fan and a flat screen TV on wall, the lounge has a flat screen TV, dining table with bench seating and large L shaped sofa. Bedrooms supplied with new bed frames, new mattresses and furniture all new as of August 2022, the showers are electric The property also benefits from a locked and secure bin store/bike storage on ground floor.
The property is an attractive 3 storey semi-detached building of traditional brick construction, under a slate tiled roof. The property is accessed straight off the public highway and has side access via a shared alleyway to the left of the building.
A link to the ground floor tenants website Under One Roof (under-one-roof-oswestry.co.uk)
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