Mixed use investment property - tenanted shop + 4 flats

A prominent property on the corner of Senhouse Street and Crosby Street with a tenanted convenience store on the ground floor and 4 self contained flats above. Tremendous investment opportunity with the shop let at £8,100 per annum and two flats let at £7,200 per anum providing an immediate income of £15,300. When fully let it is capable of producing £23,220 per annum = a 14% yield at the middle of the guide price.

Tenure

See Legal Pack

Ground Floor Shop

Main Shop area approx. 28' x 26'6 with Store Room - 30' x 8'6 and 20' x 13'

Self contained Flats

with access from 77 Crosby Street to Entrance Hall. Each flat has electric central heating .

First Floor Flat Flat A

Entrance Hall Corner Sitting Room - 15' x 15'; Kitchen - 7'6 x 7 with wall and floor units, sink, oven and hob, fridge and freezer; Bedroom - 10'6 x 9'; Bedroom - 7' x 6'; Bathroom - 7' x 6' with bath with shower over, basin and WC.

First Floor Flat B

This flat is tenanted at £300 per month and is similar to Flat D

Second Floor Flat C

Entrance Hall; Corner sitting Room - 15' x 9'6; Kitchen - 7'6 x 6 with wall and floor units, sink, oven and hob, fridge and freezer; Bedroom - 14'9 x 8'9; Bedroom - 10'6 x 9'3; Bathroom - 7'6 x 6' with bath with shower over, basin and WC.

Second Floor Flat D

Tenanted at £300 per month. Entrance Hall; Bedroom - 18'3 x 8'; Kitchen - 9' x 6 with wall and floor units, sink, oven and hob and velux rooflight; Bedroom - 11'9 x 9'3 with En-suite Bathroom - 9' x 6'6 with velux rooflight, bath, basin and WC.

Viewing

Please telephone 01900 602777

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Allerdale Borough Council

Solicitors

Beaty & Co, 1 Victoria Place, High Street, Wigton, CA7 9PJ, Ref: Pam Enon, Tel: 016973 42121

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £720 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.