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Mailbox Estates present a rare opportunity to acquire a Freehold commercial property.

Fantastic investment opportunity for a property investor for guaranteed rental income.

Substantial two storey building which briefly comprises of a single front high street presence. This involves a retail shop area, large stock room to the rear. The first floor includes a two bedroom residential premises with a Gable roof terrace.

The Opportunity:
* Rental income Of £775 per calendar month for retail store and is due to increase in July 2024 to £950.00
* The accommodation rental income is £700 per calendar month
* Rare opportunity to acquire a freehold
* Town Centre location
* Future Investment

Price
* £300,000 OIRO

Tenure
* The Freehold property is offered for sale.
* A copy of the lease will be made available to seriously interested parties.

Rent:
* The rent for the retail store is currently £775 per calendar month and is due to increase in July 2024 to £950.00

* The rental income for the accommodation is £700 per calendar month and has been occupied by the same tenants for more than 18 months.

* The TOTAL rental income per annum is £17,700 with a rent review every third anniversary for the rental store and 12 monthly for the accommodation.

Accommodation
* 2 bedroom flat with an ensuite and kitchen which is offered in excellent condition.
* The accommodation is leased to the tenant with 3 years remaining on the lease. The tenant has just been assigned the current lease and the lease will be renewed at the end of the term.

Reason For Sale:
* Genuine sale due to bigger investment opportunity coming the owners way.

Location:
* Traditional old school property in a high street location
* The store sits alongside other complimentary retail businesses including, a pharmacy and a large supermarket and benefits from a large footfall

Size
* The store occupies 721 sq. foot trading space with an open plan sales area and is fitted and equipped to a high corporate standard.

Internal:
* The property is well presented and maintained. The property is offered in good conditions with no leaks or roofing issues.

Legal costs
* Each party to be responsible for their own legal costs in connection with the sale.
* Landlord's legal fees are the buyers and sellers responsibility and are to be shared equally.

Viewing arrangements:
* Mailbox Estates highly advise early viewing to avoid disappointment.
* Discreet customer visits are encouraged but ON NO ACCOUNT SHOULD ANY DIRECT APPROACH BE MADE TO THE VENDOR OR ANY OF IT'S STAFF.

DEPOSIT
* Once an Offer has been accepted the successful buyer/s are required to pay a deposit to secure the sale, and is held in protected client account.

Tenure: Freehold
Freehold Investment