JD Commercial have been instructed in the sale of a mixed investment located on The Square in the village of Northam. Situated opposite the village Newsagents and Supermarket the shop premises were operated as a Post Office for many years until 5 years ago when the Postmaster retired.
Since then the ground floor has been let to a florists for 4.5 years at an annual rent of £6,000 per annum. Further income is derived from two self contained first floor flats which produce an income of £9,240 per annum, both of which have 2 bedrooms, and have views down Sandymere Road and over Northam Burrows. Like the shop tenant the two flat tenants have been in occupation for some time, 5 years and 13 years respectively.
The income from the property is £15,240 per annum, with the property being sold with the benefit of all of the existing tenancies. JD Commercial are marketing the property from a quoting price of £217,500 and they can be contacted on 01237 424053 or via www.jd-commercial.co.uk. Take a look at this property.