Flat for sale
Key information
Property description & features
- Tenure: Freehold
- 3 storey commercial/residential investment property
- Grade II listed & in conservation area
- Located just off the town centre
- Ground floor retail unit, 2 flats over
- All currently occupied
- Producing yield of 8.2% on current asking price
- CEPC = 42 (B) (exp 03/34)
The flats benefit from electric heating and secondary glazed windows. Current rental income of £1,000 per calendar month - based on the current asking price this reflects a yield of 8.2%. There is potential to increase the current rents.
Ground floor
Retail Unit (1) - the shop is open plan with strip flooring, floor to ceiling windows, side entrance door, trap door to cellar. Shop area 8.97m x 4.70m (total floor area 42.15 sq m)
Communal side entrance door to Flats 1 and 2, staircase up to the first & second floors
First floor - Flat 1
Entrance Hall, understairs cupboard
Bathroom with panelled bath, electric shower, glazed shower screen, tiled walls, tiled floor, WC., wash basin
Kitchen/Living Room with base & wall units, worktop surface, stainless steel sink unit, plumbed for washing machine, built in cooker, 4-ring hob with extractor over, breakfast bar, electric radiator
Front Bedroom (1) with electric radiator
Side Bedroom (2)
Energy Efficiency Rating = 16 (G) (exp 03/2026) - and is exempt
Second floor - Flat 2
Entrance Hall, electric radiator
Kitchen with base & wall units, worktop surface, built in oven, 4-ring hob with extractor fan over, plumbed for washing machine, inset stainless steel sink unit, tiled floor,
Living Room with electric radiator
Front Bedroom (1), electric radiator
Side Bedroom (2), electric radiator, built in double wardrobe
Side Bedroom (3), electric radiator
Bathroom with panelled bath, electric shower over, glazed shower screen, WC., wash basin, tiled floor, tiled walls
Energy Efficiency Rating = 47 (E) (exp 03/2026)
FLOOD RISK (PER NRW)
Flooding from rivers - very low risk - risk less than 0.1% chance each year
Flooding from the sea - very low risk - risk less than 0.1% chance each year
Flooding from surface water and small watercourses - very low risk - risk less than 0.1% chance each year
BT AND BROADBAND CHECKER
Side passageway with the neighbouring properties having a right of way over. Cloakroom with WC., wash basin. Store shed.
TENURE
Freehold. Land Registry Title No: WA954690
Please note that the neighbouring properties have a right of way through the passageway. There are also various flying freeholds with the neighbouring property.
The residential properties are let under Occupational Contracts - Flat 1 at £350 pcm and Flat 2 at £350pcm. The shop is held on a commercial lease with the tenants holding over at a rent of £300 pcm. Total rental per month is £1,000 - there is potential to increase the rent levels.
Property information from this agent
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Broadband availability and predicted speed
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on January 16, 2022
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
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Energy Performance data and Internal floor area
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