Residential Investments for sale in Bromyard

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Y. MacGregor (Nov 2017)
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Freehold Price: £375,000 Annual Turnover: £26,680
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Business Description
This substantial freehold corner building is arranged over four floors and occupies a total site area of approximately 0.04 acres. The building itself comprises a currently undeveloped cellar/basement area, two ground floor retail units, The ground, 1st and second floor comprise of 5 flats, all currently rented on ASTs ( Except flat 3 which is a currently vacant 2 bed)
The building may present an opportunity for development subject to the necessary consents. All buyers are asked to make their own planning enquiries.

Further property income details
Unit 1 - Coffee Shop -Lease runs until 2020 with current rent per annum of £3,720.00
Unit 2 - Charity Shop - Lease runs until 2020 with current rent per annum of £3,300.00
Studio Flat - Currently let on AST with current rent per annum of £3,540.00
Flat 1 (One Bed) - Currently let on AST with current rent per annum of £3,900.00
Flat 2 (One Bed) - Currently let on AST with current rent per annum of £4,020.00
Flat 3 (Two Bed) - Let agreed ( rental £4,000 per annum)
Flat 4 (Two Bed) - Currently let on AST with current rental per annum of £4,200.00
Tenure: Freehold

Location Details:
Bromyard is a market town in Herefordshire, England, situated in the valley of the River Frome. The latest census gives a population in 2011 of approximately 4,500. It lies near to the county border with Worcestershire on the A44 between Leominster and Worcester. Bromyard has a number of traditional half-timbered buildings, including some of the pubs, and the parish church dates back to Norman times. For centuries there was a thriving and livestock and cattle market. The town is twinned with Athis-de-l'Orne, Normandy.

Website:

Listed by: Veritas Business Sales Ltd

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