Freehold Commercial Investment Property located in Hucknall. Ground floor public house (Vacant) possible income £16,800 pa. Four flats above producing rental income (£21,840 pa). Fully let (8.6%) return.
Veritas Business Sales offer to the market this mixed use Commercial Property which was formerly a public house. The first and second floors have been converted into 4 flats which are fully let on 6 month STA’s and produce rental income of £21,840 pa.
A new purchaser can either re-open and trade the ground floor as a pub themselves or offer it on lease which would generate £13,000 plus vat per annum. Alternatively you could convert the ground floor into three flats subject to obtaining the correct planning permission and these would rent for circa £16,800 per annum.
This is a superb opportunity to purchase an investment property with a variety of options available which is a great base to build upon and as such early viewing is highly recommended as this is one not to be missed.