***ATTENTION INVESTORS*** Excellent Investment Opportunity!!
A unique opportunity has arisen to purchase a fantastic investment property consisting of a commercial shop and two flats. The property is located in a popular residential area of Macclesfield providing good passing footfall throughout the year, and benefits from a long lease in place for the commercial shop unit.
Current gross income of £21,240 equating to a gross yield in excess of of7.5%.
To the ground floor: COMMERCIAL SPACE/ SHOP which is currently trading as a local convenience store. The lease on the ground floor commercial unit is signed through to 31st March 2035, with an annual rent of £9,600 per annum (rent review due 1 April 2023). EPC rating D valid until February 2025.
PRIMARY RETAIL SPACE - 427sq ft (39.67sq m);
STORES - 128sq ft (11.9sq m);
REAR PORCH with WC and BASIN- 26sq ft (2.3sq m);
CELLAR - 120sq ft (11.12sq m).
To the first floor and accessed via their own separate entrance are TWO FLATS, both of which are one bedroom. Both flats are currently tenanted on tenancy contracts and come unfurnished.
FLAT 1 is the larger of the two, and provides a spacious living room, fitted kitchen, double bedroom with fitted furniture, and a bathroom. It has a current rental of £5,940 per annum with the tenancy contract fixed until December 2022. EICR valid until July 2025.
FLAT 2 consists of a bright open plan lounge and modern kitchen, with the lounge area having a feature fireplace. A generous sized double bedroom with fitted wardrobe, compliments this flat and there is also a good size shower room. It has a current rental of £5,700 per annum with the tenancy contract fixed until September 2022. EICR valid until July 2025.
EPC Ratings for Flats:
VIEWINGS - Strictly by appointment only. Please contact Belvoir Macclesfield to arrange.
Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. For more information simply speak to someone in our branch today. We can refer you on to a Mortgage advisor for help with finance. If you require a solicitor to handle your purchase, we can refer you on to a local solicitor. We may receive commission on referrals.
We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only and are not precise. If you require clarification or further information on any points, please contact us, especially if you are travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller by separate negotiation.
EPC rating: D.