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Details

INVESTMENT PROPERTY in Lincolnshire for Sale. An opportunity to acquire this outstanding investment portfolio situated in this bustling town centre - PRIME POSITION OPPOSITE THE TOWNS CAR PARK. A substantial freehold premises, comprising: The first unit is a lovely apartment over the first floor which is rented at £6,000 per annum. The ground floor is leased as a holistic therapy and returns £2,600 per annum. The rear unit was last leased out as a nail bar, however it is now empty. The fourth unit is a cafe bar and licensed bistro and is leased out at £15,000 per annum. The final unit is a substantial property and is leased as a hair and beauty salon, returning £18,000 per annum. The total property currently returns £41,600 per annum with potential to let the rear unit for a further £2,600 per annum which will then bring the total annual income up to £44,200. This will give any perspective purchaser a superb return on capital invested (9.82% annual yield). HIGHLY RECOMMENDED.
ID

585487

Status

For Sale

Business Type

Freehold

Price

£450,000

Call 0113 238 2900 to request a viewing