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This property's price has dropped from £297,500 to Fixed Price £240,000.
A rare opportunity to acquire a freehold building comprising a prime shop premises and three self contained flats positioned above. The property is situated within a prominent town centre location and benefits from an established delicatessen which currently provides an income of 530 per calendar month, alongside a combined income of 1070 from the three flats (one two bedroom flat and two one bedroom flats). The property would make an excellent investment as it provides a yield of 6.51%. All units are currently occupied; please enquire within for further lease details.
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Prominently situated within the towns main trading thoroughfare, the Lemon Tree Delicatessen offers a full range of sandwiches, paninis and other home made products. The trade is accompanied by a wide range of delicatessen products and serves both local consumers and commercial clients respectively. The shop is laid out with wood panel flooring and a range of display lighting. To the right hand side of the entrance door there is a seating area for customers to dine and to the left hand side there is the main freestanding serving counter and chiller on display. To the rear of the serving counter is the food preparation area. Upon leaving the rear of the shop there is a small staff W/C and inner hall which provide access to the residential flats above and also leads to the additional kitchen and food preparation area.
A well proportioned one bedroom flat benefitting from a large double bedroom with elegant window to the front, sitting room with matching window, bathroom and fitted kitchen. The flat has recently been redecorated and is occupied by a loyal tenant.
Another one bedroom flat with a double bedroom, fitted shower room, kitchen and living room. Occupied via a longstanding tenant.
A top floor two bedroom maisonette benefitting from quirky accommodation that includes two good size double bedrooms, bathroom, inner hall (could be used as a study), living room and fully fitted kitchen/diner. Currently occupied.
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