To Buy £200,000 - Building Plot / Land
*** ATTENTION INVESTORS – A ONE BEDROOM FLAT AND FREEHOLD SALON WITH TENANTS IN PLACE ON BOTH *** Ideal investment returning over £12,000 per annum. Salon with long term tenant until at least 2022. Flat tenant until at least 2021. Freehold included. Building in good repair with no work required. Possibility to extend to rear subject to necessary planning permission.
Foster Lewis & Co are delighted to offer for sale this superb investment opportunity located in the busy Holbrooks location on main bus routes within easy reach of the A444 and Ricoh shopping park and Arena.
The ground floor is occupied by a salon with a long established business tenant operating for many years and currently under a lease with approx. 2 years remaining.
The property has a main front operating area, a second good size space and kitchen with bathroom with the rear.
The first floor has a spacious one bedroom flat, located in the prime location for commuting around the City within short distance from local shops.
The accommodation offers a spacious living room, fitted kitchen with cooker, a bathroom with shower and has electric storage heating.
There is a patio garden to the rear with a wooden side gate.
The property and its Freehold are all included along with the secure long term tenants with a newly agreed six month lease starting in August 2020 for the residential flat.
There is a possibility to extend the property to the rear subject to necessary planning permission being granted.
The total income for the property exceeds £12,000 per annum making this an attractive proposition.
Viewings – only through Foster Lewis and Co head office on 02476 592929
Money laundering Act – intended purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
Council Tax – please refer to www.voa.gov.uk to verify this information.
Tenure – the vendor has confirmed verbally to us that the property is Freehold but you should check this with your legal advisor before exchanging contracts.
Description – measurements are approximate and some may be maximum on irregular walls. Some images may have been taken with a wide angle lens and occasionally a zoom lens. The plan shows the approximate layout of the rooms to show the inter relationship of one room to another.
Consent – we have not had sight of any relevant building regulations, guarantees or planning consents and all relevant documentation pertaining to this property should be checked by your legal advisor before exchanging contracts.
Agents Opinion – these details imply the opinion of the selling agent at the time of these details were prepared and are subjective. It may be that the purchasers opinion may differ.
Every attempt has been made to ensure accuracy, photographs, measurements, floor plans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures and fittings, therefore potential buyers are advised to recheck the measurements before committing to any expense. In accordance with the Property Mis descriptions Act (1991) the following particulars have been prepared in good faith and they are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. Foster Lewis and Co has not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.
- Bathrooms to both properties
- Both occupied on long term leases
- Easy access to Ricoh shopping/arena
- Electric Heated and double glazed
- Freehold Salon & Flat
- Ideal low maintenance investment
- Includes one bedroom first floor flat
- Kitchens to both properties
- Returning £12,000+ per annum
- Salon with long term establish business in situe