MIXED-USE INVESTMENT OPPORTUNITY PRODUCING £60,000 PER ANNUM!
Description
A mixed-use investment comprising seven commercial units, a car wash and a self-contained flat, generating a current gross rental income of £60,000 per annum.
The commercial accommodation includes two dance studios, a takeaway, a minimarket, a fitness studio, two storage units and a separately let car wash. The residential element comprises of a self-contained three bed flat with bathroom and open plan kitchen/living room.
The majority of the accommodation is let on commercial leases extending through to 2030, 2033 and 2036, providing a range of established income streams. The flat is currently let on an assured tenancy..
The current rental income is as follows:
Unit 1 – Dance Studio – £550 pcm (lease expires 01/10/2033)
Unit 2 – Dance Studio – £750 pcm (lease expires 01/10/2033)
Unit 3 – Burger & Wings – £550 pcm (lease expires 24/03/2030)
Unit 4 – Minimarket – £650 pcm (lease expires 31/05/2027)
Unit 5 – Fitness Studio – £600 pcm (lease expires 07/06/2027)
Unit 6 – Storage – Vacant
Unit 7 – Storage – Vacant
Car Wash – £1,200 pcm (lease expires 01/07/2036)
3 bed Flat – £700 pcm
The property currently produces a gross income of £5,000 per calendar month (£60,000 per annum), with additional potential to increase income through the letting of the two vacant storage units, subject to any necessary consents.
An excellent opportunity for investors seeking an income-producing mixed-use asset with scope to enhance returns.
Tenure: See Legal Pack
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.2% inc VAT of the purchase price, payable on exchange of contracts.
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- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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