Two sizable three storey freehold properties, available to purchase offering a fantastic investment opportunity.
Situated at the top end of Church Road, a main artery and bus route into the City Centre set within a mixed parade of other retailers. Notable nearby occupiers include 'The Cooperative' and 'Grounded Café'.
Approximately 584sqft, we estimate a potential market rent in the region of £5,200-£6,000 per annum on conventional full repairing and insuring terms.
Approximately 773sqft, we estimate a potential market rent in the region of £7,200-£8,000 per annum as just a shop on conventional full repairing and insuring terms or £15,000 per annum to include the 3 bed maisonette above.
Self-contained 2 bedroom maisonette currently let at £650 per calender month, which we feel is a little underlet at present and would anticipate a rental price of £700 per calender month being more in order.
3 bedroom maisonette currently integral to the shop unit with potential to become self-contained with a rental value in th region of £795 per calender month.
A pleasant rear courtyard accessed from 331 Church Road backs on to St Georges Park.
We believe the property could achieve a rental income with its current layout in the region of £22,800 per annum with potential to increase to around £31,940 per annum with some amendments and subject to consents.
329 - The 2017 draft rateable value as per the VOA website is £4,450.
331 - The 2017 draft rateable value as per the VOA website is £5,700.
329 - A
331 - A
329-331 Ground Floor Shops - C
329 Maisonette - E
331 Maisonette - E
All figures quoted are exclusive of vat unless otherwise stated.
Each party to incur their own legal costs.
Strictly by appointment with Maggs & Allen
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.