A ground floor double fronted lock up shop let on a new 15 year FR&I lease at £27,630 p.a. (low blended rent of £19 per a sqft)
3 self contained flats at 1st & 2nd floor (2 x two bedroom flats & 1 x one bedroom flat)
Potential to internally re-arrange the 1-bedroom flat into a 2-bedroom flat and/or development potential to extend the 1-bedroom flat to create a 2/3 bedroom flat (subject to the requisite consents)
Development potential to add an additional floor (subject to the requisite consents)
2 x two-bedroom flats let on AST's at £50,700 p.a.
Asset management potential to let out vacant flat and increase overall rents (ERV of £21,000 p.a.) Total rent £99,330 p.a.
Investment let at £78,330 p.a. (6.52% GIY on guide & 8.27% GIY on guide at total ERV rent)