Studio flat for sale

The property comprises a ground floor retail unit measuring 1000sqft let on a 20-year term to an independent retailer at £51,000pa and a fully let 1,529sqft 8-bedroom HMO across the upper three floors producing £115,200pa. Each of the HMO rooms are let on AST agreements.

The retail unit is accessed from Rye Lane and benefits from a strong frontage and open plan layout internally. There are accessible toilet facilities towards the back of the of the unit as well as rear access. There is also a large public carpark to the rear of the property.

The residential accommodation is accessed via a doorway to the side of the property off the main road which leads into a lobby area with stairs to the upper floors. The HMO has been recently refurbished to a high specification with each of the double rooms benefitting from a modern décor, high ceilings and en-suite facilities. The communal kitchen is spacious and benefits from AEG appliances, quartz worksurfaces and an outdoor terrace.

There are electricity sub-meters installed for each of the bedrooms and heating throughout the HMO is by way of electrical wall mounted heaters.

There is a parcel of land to the rear with development potential (STPP) which could be included as part of the sale subject to terms and price