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Investment Opportunity Which Is Part Let, 2a Fenpark Road, Fenton, ST4 3JT

2,297 Sq Ft / Retail / General Retail

For Sale - £125,950.00

Under Offer - Last updated: 20 January 2021

A fantastic opportunity to purchase a part let investment premises. The ground floor is let to a hairdressing salon for a duration of five years paying a passing rent of £4,200 per annum until October 2022. The 1st floor has been refurbished and now provides four lettable rooms with a shared bathroom and communal areas. We believe that the 1st floor could generate a rental income of £10,400 per year (if fully let). Therefore, a total potential combined income could be £14,600 per annum.

Location

The premises are located on the corner of Fenpark Road and Vivian Road. 

Accommodation

Ground Floor:

Shop: 1,364 sq. ft.

Total NIA: 1,364 sq. ft.

1st Floor:

Bedroom 1: 220 sq. ft.

Bedroom 2: 162 sq. ft.

Bedroom 3: 151 sq. ft.

Bedroom 4: 171 sq. ft.

Kitchen: 163 sq. ft.

Bathroom: 66 sq. ft.

WC: ---

Total NIA: 933 sq. ft.

Total GF and FF NIA: 2,297 sq. ft.

Terms

SERVICES - Electricity, mains drainage and water are all connected. No services have been tested by the agents.

VAT - The sale price is not subject to VAT.

BUSINESS RATES:

Ground Floor:

Rateable Value: £5,100

Rates Payable: £2,544.90 pa (20/21)

EPC - Band D – Asset Rating 91

TENURE - Available freehold with current lease in place. Each party to pay their own legal fees.

*Lease can be made available upon request*

PRICE - £125,950

Specification

  • Fantastic part let investment opportunity
  • Ground floor let and income producing by way of a new 5-year lease paying £4,200 PA
  • 1 st floor has been completely refurbished and provides 4 bedrooms with shared bathroom and communal area
  • Total NIA 2,297 sq. ft. 

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £125,950.00 NA

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Agency Team

Rory Mack Associates Ltd

01782 365492



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