£835,000

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Summary

- Type
- Tenure
- Approx Size m2/ft2

DESCRIPTION

The building provides for an efficient self-contained ground floor retail / restaurant unit, with an element of storage at the first-floor level. Included above the restaurant are 3 upper floors of residential accommodation, which includes 4 letting rooms and a one-bedroom apartment. All accommodation is provided in good order with the benefit of long standing / well-referenced tenants.

ACCOMMODATION

Ground Floor

Retail/Restaurant Unit - 768 sq.ft

1st Floor - Small restaurant store

1st Floor - Room 1 - Large bedsit

Communal 3-piece house shower room

Communal kitchen

2nd Floor - Room 2 – Double room

Room 3 – Double room

Room 4 – Single room

Communal 3-piece, house shower room

3rd Floor - Self-contained 1 bedroom flat

TENURE

The Retail Unit / Restaurant premises are available with vacant possession

The residential lodging units, rooms 2, 3, and 4 are currently occupied by Registered persons paying monthly rentals as follows:

Room 2 - £580.00pm

Room 3 - £575.00pm

Room 4 - £400.00pm

Room 1 and the one----bedroom flat are currently occupied by Entitled persons paying monthly rentals as follows:

Room 1 - £852.00pm

The Flat - £935.00pm

The current total passing rental from the residential units is £40,104pa.

ALTERNATIVE APPROACH

The alternative approach with reference to the residential accommodation would be to utilise the entire residential space as one large town house or keep the letting accommodation at 1stfloor level and utilise the 2nd and 3rd floors as one substantial maisonette.




Please call Sarre & Co on 880 880. Please note that all areas and measurements given in these particulars are approximate and rounded. The text, photographs and floor plans are for general guidance only.

Once an offer is accepted and negotiations for the purchase of a property are entered into, the prospective purchasers will be asked to produce photographic identification(passport or driving licence) and proof of residency documentation eg, a current utility bill together with confirmation of source of funds.This is in order for us to comply with the current Money Laundering Legislation.
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Mortgage Calculator

£
35 yrs
60% 2 year tracker - 4.70%
With a 40% deposit of £334,000 on a property valued at £835,000 your monthly payments would be£2,433.45

Stamp Duty

Calculated on the property value of £835,000 the total stamp duty would be £18,725
Subject to £80 registration fee and £20 Jurat's fee where applicable.

Estate Agent

Sarre & CoEstate AgentsContact us about this or any of our listed properties.