This freehold property comprises two flats and a ground floor commercial units.
The Estimated Rental Value (ERV) for the commercial unit once tenanted on 421 Beulah Hill is approximately £30,000 per annum with £14,000 per annum achievable on the vacant flat (Flat 2) once refurbished. The occupied flat (Flat 1) is currently generating income of £14,635 per annum.
The commercial unit on 3 Crown Lane generates an income of £4,800 per annum and it is on a rolling lease.
The flat above 3 Crown Lane has been sold off on a long lease.
Once fully tenanted the total ERV would be £63,425 per annum.
The property has no planning history but there may be potential to create an additional storey or convert the ground floor into residential units via permitted development.
Location
Located in a prominent corner position with a large amount of footfall, with major supermarkets such as Tesco and Lidl, moving into the location in recent years both a stones through away.
Accommodation
Size - 2,451 sq ft
Terms
Tenure - Freehold
Price - The vendors will consider offers in excess of £600,000 and viewings are available upon request.
VAT - Not applicable
Rateable Value - £10,250