Property for sale. Mixed use investment. Rental income of £16,948 per annum. Generating a yield of 9.16% on the asking price.
Tenanted hot food takeaway with three-bedroom flat on prominent position. 15 year lease in place (from August 2020). Net internal area 158 sq.m. (1,704 sq.ft.). Rear garden and parking (for up to five vehicles).
EPC: C/D
Price £---.---
Ref I297
Location
The property is prominently situated on Percy Road, within the heart of the desirable village of Shilbottle, Northumberland. Shilbottle benefits from a wide range of local amenities including a convenience store, public house, restaurant, post office, pharmacy, primary school, community centre, and a modern leisure complex.
The village lies approximately 3 miles south of the historic market town of Alnwick, providing further retail, educational, and cultural facilities. Excellent transport connectivity is afforded via the A1, located just 2 miles to the west, offering direct links throughout the North East region and beyond.
Description
The investment consists of a detached two-storey property with a pitched roof, consisting of a hot food takeaway on the ground floor and a three-bedroom flat on the first floor. The property has a garden to the rear and parking for 5 vehicles to the front.
Floor Area
158 sq. m. (1,704 sq. ft.)
Rental Income
£16,948 per annum
Tenant / Lease
Star Pizza – Lease commencement date 18th August 2020 and ending 2035.
Yield
9.16 %
Tenure
Freehold
Price
£185,000
Viewing
Strictly by appointment through this office.
Rateable Value
The 2026 Rating List entry is Rateable Value £6,400
As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.
Council Tax
Band A
