Property Investor - Wolverhampton - Ref: 274

Property Information

Ref ID: 274

Date available:

Furnishing: Not Specified

Property type: Commercial Unit

 

Details

3.5 Years Lease Option Commercial Opportunity

Freehold Shop and Three Bedroom Apartment / With HMO Potential with Great Commercial possibilities and Substantial Lower Basement Storage

Yarm Lane, Stockton On Tees, TS18 3DT

Purchase Price Within 3.5 Years = £160,000

Rent to Landlord = £1,000 pcm

Finders Fee = £5,000 + Vat = £6,000

Potential to create 5 bed + HMO by applying for a licence

POTENTIAL CASHFLOW

Managed = £655 pcm = £7,860 per annum

Cashflow Over 3.5 Years = £19,650

Self Managed = £925 pcm = £11,100 per annum

Cashflow Over 3.5 Years = £27,750

For a limited time only, we have managed to secure this freehold commercial / residential property with phenomenal potential.

At present, the ground floor is 1 x large office space but has the potential to convert into 2+ smaller units to maximise the profit.

On the first floor and second floor sits a large 3 bedroom flat - this is currently rented at £450 pcm

The shop has got two entrances, Kitchen, Stuff Toilets and an Integral electric garage.

In addition, there is a cellar that runs the length of the property, ideal for storage purposes.

The building is located on a prominent corner side with an adjacent car park.

It currently has A2 use and is suitable for a variety of uses subject to local planning consent.

The owner has just spent £5,000+ on the property, therefore the owner is preferably after someone with some property experience, who will also maintain the property.