A substantial mixed use investment comprising 2x lock up shop units, 4x one bedroom flats above, 1x studio flat to the rear and 2x semi detached one bedroom houses. In addition the property benefits from 7 allocated parking spaces. The property is presented in good condition and is full let producing £68,340pa offering an excellent investment return and the potential for a break up. Situated on the High Street Staple Hill, the residential accommodation benefits from separate access from the side/rear (from Haynes Lane).
A substantial fully let investment comprising 7 self contained residential units (2x houses and 5x flats) and 2 shops with parking to the rear. The property is fully let producing a total rent of £68,340pa and also offers a break up opportunity.
Please refer to the floor plan for approximate measurements. The floor plan is provided for indicative purposes and should not be relied upon
The residential accommodation has recently been redecorated throughout benefitting from modern kitchens with integral ovens and hobs, and UPVC double glazing throughout.
Situated on Staple Hill High Street, the property backs on to Haynes Lane.
EPC RATINGS -
99 (Shop) - C (Dec 2015)
99a (Shop) -E (Dec 2015)
99D (Ground Floor Flat) - D (June 2019)
99F (Top Floor Flat) - C (July 2019)
99G (One Bedroom House) - D (Feb 2020)
99H (One Bedroom House) - D (July 2019)
99C (First Floor Flat) - £675pcm - C (Feb 2019)
99B (First Floor Flat) - £675pcm - C (Feb 2019)
99E (Top Floor Flat) - £650pcm - C (Feb 2019)
All figures quoted are exclusive of VAT unless otherwise stated.
Strictly by Appointment with Maggs and Allen.
RESIDENTIAL TENANCY DETAILS -
The residential units are let at the following rents (on 12 month Assured Shorthold Tenancy agreements):
99G (One Bedroom House) - £650pcm - Let from May 2019
99H (One Bedroom House) - £650pcm - Let from 15th May 2019
99D (Ground Floor Studio) - £500pcm let from 29th March
99C (First Floor Flat) - £675pcm let from 25th March 2019
99B (First Floor Flat) - £675pcm from 22nd March 2019
99F (Top Floor Flat) - £625pcm Let from May 2019
99E (Top Floor Flat) - £650pcm from 22nd March 2019
LEASE DETAILS -
99 High Street (Shop) - Let at £6,900pa on a 2 year lease from March 2017 on effectively Internal Repairing Terms, subject to an annual rent review.
99a High Street (Shop) - Let at £8,340pa on a 12 month agreement from 12th August 2019 on effectively Internal Repairing Terms plus deposit outside of sections 24 to 28 of The Landlord and Tenant Act 1954.
CONTROL OF ASBESTOS -
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Maggs & Allen use all reasonable endeavours 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.