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Vacant Workshop Unit with Three 1-bed Residential Flats

For Sale: £350,000 for the Freehold

REDUCED PRICE

Three self-contained flats

Residential ERV: £21,000 PA

Gross ERV (Whole): £36,000 PA (10.3% GIY)

Forecourt parking

Available immediately

The property comprises a mixed-use, semi-detached dwelling of brick construction comprising warehouse accommodation and residential premises.

To the left-side, a former joiners workshop of predominantly open-plan proportions with corrugated monopitch roof over offering heights of 3m - 3.8m with concrete flooring throughout, fluorescent-strip lighting, gas blower heater, and three-phase electrics. accessed via double doors to the front of the property. This section to be provided with vacant possession offering an ERV of approximately £15,000 PA exc.

To the right, entranceway to three independently serviced one-bedroom flats, one of which is currently let on an AST at a rent of £450 PCM with several months remaining, with the other two offering vacant possession. We envisage a true ERV of approx. £650 PCM per flat.

Externally, a block-paved forecourt provides parking for up to three vehicles.

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