Mixed Commercial and Residential Investment - Reduced price

Submitted on Tue, 15/05/2018 - 16:08

Having been extensively refurbished in 2008 number 50 Boutport Street, which is on the market with commercial and business specialists JD Commercial, offers new owners the opportunity with very low management and maintenance issues.  Comprising of three centrally heated residential units and one double fronted shop unit the residential parts currently produce an income of £17,400 per annum whilst the shop unit is currently vacant and a rent of £10,000 per annum is sought.  Given the ground floor is currently available it does mean that the property may also be of interest to owner occupiers as well as investors.  2 of the residential units provide modern one bedroomed flats whilst the third unit is a 3 storey and three bedroomed maisonette.  Once the shop unit is let it is expected that the total rent roll will be approximately £28,000 per annum and with the property having been refurbished there should be little planned expenditure required to maintain the property.  JD Commercial are offering the entire property at the reduced price of £349,950 although the ground floor on its own can be purchased for £125,000.  JD Commercial can be contacted 01237 424053 or via www.jd-commercial.co.uk.