This is an investors dream. This large historic building in the popular market town of Retford is going through planning for 7 apartment and a large office / retail unit below.The planning is for 5 x 1 bedroom apartments and 2 large 2 bedroom apartments. Once completed the apartments will rent out very quickly as there is a high demand for properties in this lovely area and this building is only around 100 feet from he market.The office below have recently been Let to a Large estate agency, Rental value for such an office would average 1000 - 1200 per month making this one of the best investment opportunities in the area. Images are of the area, shop front and the planning designs which are in the process of being approved. Tenure: Freehold
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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