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
