Platinum Estates offer this fantastic investment opportunity for sale. The property is classed as mixed use with commercial use on the ground floor and residential use on the upper two floors. The premises are located on busy throughfare and close to the University in this East Midlands city, situated in a row of shops in a well-regarded suburb with on street parking directly outside.
The commercial space on the ground floor is approximately 2000sqft and is made up of the shop floor and storage facilities in the back area. There is a 5 bedroom flat across the upper two floors which measures at approximately 3000sqft
Investment Information :
There is a commercial lease in place with Sainsburys Supermarket Ltd until October 2030. The current rent is £15700 with an upwards only rent review due in October 2025
The residential accommodation is on a long term lease until April 2029. The rent is £14400 per annum. This property has a HMO license in place.
The total annual income is £30100 creating a healthy yield of 5% ROI
EPC Rating: D