Ground floor commercial unit with 5 residential units above and to the rear
Gross Rental Income £39,800 per annum
Commercial unit occupied by Ryder & Dutton estate agents under a 10 year lease
4 apartments and 1 cottage, all finished to a good modern standard.
Initial yield based on passing rents 8.37% with the prospect of rental growth
The property comprises a three storey stone built mixed commercial and residential property.
The ground floor is a commercial unit formerly occupied as a building society, and currently occupied by regional estate agents, Ryder & Dutton.
The upper floors are converted into 4 flats which are all tenanted under assured shorthold tenancies.
In addition, there is a cottage to the rear accessed off Corporation Street.
The property provides a fully let mixed commercial and residential investment block with apartments finished to a satisfactory standard, with the commercial element of the property occupied under a formal commercial lease for a term of 10 years to a good quality regional covenant.
