FOR SALE – A freehold property investment comprising of a town centre retail premises comprising two shops, and two apartments above (1 x 3 bed and 1 x 4 bed), fully let as per the tenancy schedule below and producing £64200 per annum gross of management costs. Asking price £595,000.
Ground Floor, 10 Aughton Street – Let to YMCA for a term of 10 years commencing 05th August 2019 at £21000 p.a. + VAT rising to £22000 p.a. on 04th August 2020 + VAT, subject to review on 05th August 2024 to open market value and a tenant break at 05th August 2024.
Ground Floor, 12 Augton Street – Let to Aughton Street Aesthetics on a monthly periodic tenancy at £7200 p.a + VAT.
First Floor, Flat 1 – A four bedroom flat, fully furnished and let on a room by room basis to students at £100.00 per room per week inclusive of bills, and thereby producing £20000 per annum when annualized.
Second Floor, Flat 2 – A three bedroom flat, fully furnished and let on a room by room basis to students at £100.00 per room per week inclusive of bills, and thereby producing £15000 per annum when annualized.
The two flats are managed by a managing agent at a cost of 8.0% of rental receipts equating to £2800 per annum.
Accommodation: Two no. shops, and two no flats above