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3 Rooms 5 beds 3 bath

NONE

£ 175,000.00

5 bed property for sale Sold/Delisted

Address: ************

More information

Auction: Yes

Market Status: Sold/Delisted

Schools: ************

Transport: ************

HMO Status: HMO Conversion

NEAR UNIVERSITY: NO (Dist: 12.34 miles)

NEAR TRAIN STATION: NO (Dist: 1.50 miles)

NEAR BUS STATION: NO (Dist: 1.20 miles)

NEAR HOSPITAL: NO (Dist: 3.45 miles)

About this property

A vacant Freehold development opportunity with 3908 Sq Ft of flexible accommodation. The property has been occupied by commercial tenants for many years but is now offered with vacant possession. It features a ground floor trading area and ancillary upper floors. The property is in need of modernisation and has potential for conversion into a high yielding mixed-use investment, comprising 1 or 2 retail units and either flats or an HMO across the upper floors. There is scope to create a 5 bedroom HMO with potential rental income of £600 pcm (£36,000 pa) plus income from the retail unit(s), totaling approximately £55,000 pa, subject to necessary consents. The upper floors already have independent access. The property is being sold via live online auction.