£595,000
Share Property
Summary
-
Type
Freehold
Tenure
165 m2 / 1776 ft2
Approx Size m2/ft2
5 self contained retail units
Busy commercial area
Can be purchased by Share Transfer
Potential Gross income of £55,000
3 units let to an established local company
Versatile layout & convenient location
FOR SALE
5 SELF CONTAINED RETAIL UNITS IN A BUSY AND ESTABLISHED COMMERCIAL LOCATION.
This commercial property located in the heart of Five Oaks and priced at £595,000 offers a unique opportunity for those looking to invest, expand, or establish their business in a versatile space with endless potential
Directly opposite the petrol station, Morrisons Supermarket, Wine Warehouse, Five Oaks Pub, & Normans Building Centre. All units are on the ground floor, each with its own front door, with high visibility from all directions and Five Oaks roundabout.
Opportunity exists to purchase the whole by Share Transfer.
Three of the units are let to an established local business at an annual rate of £29,000 pa. This can increase to a gross income of £55,000 once the 2 remaining units are filled. All units benefit from parking directly in front.
what3words /// exact.imported.sanded
Notice
KNOW YOUR CLIENT
ANTI MONEY LAUNDERING
When an offer is accepted and negotiations for the purchase of the property are underway, the prospective purchasers will be required to produce photo identification ( driving licence or passport ), proof of residency ( a current utility bill ), and your registration card. You will also need to confirm source of funds. This is in order for us to comply with current Money Laundering Legislation.
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Utilities
Electric: Mains Supply
Gas: Unknown
Water: Mains Supply
Sewerage: Mains Supply
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Electric Heaters
Garden/Outside Space: No
Parking: No
Garage: No
Unit 1 (occupied by Florida Pools) - 22'3" (6.78m) x 15'2" (4.62m) : 337 sqft (31.32 sqm)
Unit 2 (occupied by Florida Pools) - 24'10" (7.57m) x 14'11" (4.55m) : 371 sqft (34.44 sqm)
Unit 3 (occupied by Florida Pools) - 21'2" (6.45m) x 17'2" (5.23m) : 363 sqft (33.73 sqm)
Unit 4 (currently vacant) - 25'2" (7.67m) x 15'2" (4.62m) : 381 sqft (35.44 sqm)
Unit 5 (currently vacant) - 25'0" (7.62m) x 13'0" (3.96m) : 325 sqft (30.18 sqm)
Busy commercial area
Can be purchased by Share Transfer
Potential Gross income of £55,000
3 units let to an established local company
Versatile layout & convenient location
FOR SALE
5 SELF CONTAINED RETAIL UNITS IN A BUSY AND ESTABLISHED COMMERCIAL LOCATION.
This commercial property located in the heart of Five Oaks and priced at £595,000 offers a unique opportunity for those looking to invest, expand, or establish their business in a versatile space with endless potential
Directly opposite the petrol station, Morrisons Supermarket, Wine Warehouse, Five Oaks Pub, & Normans Building Centre. All units are on the ground floor, each with its own front door, with high visibility from all directions and Five Oaks roundabout.
Opportunity exists to purchase the whole by Share Transfer.
Three of the units are let to an established local business at an annual rate of £29,000 pa. This can increase to a gross income of £55,000 once the 2 remaining units are filled. All units benefit from parking directly in front.
what3words /// exact.imported.sanded
Notice
KNOW YOUR CLIENT
ANTI MONEY LAUNDERING
When an offer is accepted and negotiations for the purchase of the property are underway, the prospective purchasers will be required to produce photo identification ( driving licence or passport ), proof of residency ( a current utility bill ), and your registration card. You will also need to confirm source of funds. This is in order for us to comply with current Money Laundering Legislation.
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Utilities
Electric: Mains Supply
Gas: Unknown
Water: Mains Supply
Sewerage: Mains Supply
Broadband: Unknown
Telephone: Unknown
Other Items
Heating: Electric Heaters
Garden/Outside Space: No
Parking: No
Garage: No
Unit 1 (occupied by Florida Pools) - 22'3" (6.78m) x 15'2" (4.62m) : 337 sqft (31.32 sqm)
Unit 2 (occupied by Florida Pools) - 24'10" (7.57m) x 14'11" (4.55m) : 371 sqft (34.44 sqm)
Unit 3 (occupied by Florida Pools) - 21'2" (6.45m) x 17'2" (5.23m) : 363 sqft (33.73 sqm)
Unit 4 (currently vacant) - 25'2" (7.67m) x 15'2" (4.62m) : 381 sqft (35.44 sqm)
Unit 5 (currently vacant) - 25'0" (7.62m) x 13'0" (3.96m) : 325 sqft (30.18 sqm)
Map
Mortgage Calculator
£
35 yrs
80% 2 year tracker - 5.59%
With a 20% deposit of £119,000 on a property valued at £595,000 your monthly payments would be£2,584.33
Stamp Duty
Calculated on the property value of £595,000 the total stamp duty would be £10,850 or £2,450 for first time buyers
Subject to £80 registration fee and £20 Jurat's fee where applicable.
Subject to £80 registration fee and £20 Jurat's fee where applicable.
