Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding mixed-use investment opportunity with evident asset management potential.
Arranged as two ground floor retail units with a one bedroom flat to the upper parts, the property is part-let, with one retail unit let to a Hair Salon on a lease expiring 31.10.2025 and paying £5,040 per annum. The upper parts are let on an AST expiring 31.10.2025 and paying £4,800 per annum (£400 pcm).
The remaining retail unit is currently vacant and we consider the property offers asset management potential via letting of this space. We consider the ERV of the property once fully let is in the order of £12,500 per annum.
The property occupies a prominent pitch with a frontage to Market Street. The area is characterised by a mix of local retail use and residential accommodation with the principal local supermarket, Asda, located to the rear of the property.
Tenure
Freehold
Rent