RETAIL SHOP AND TWO BEDROOM FLAT WITH RENTAL INCOME in Askern, Doncaster for Sale.
A tremendous and affordably priced freehold investment property in the heart of Askern, a bustling and attractive town, close to the A19 between Doncaster and Selby. Ground floor shop premises being a former butcher shop with huge potential for a sandwich shop, hot food takeaway or other retail purpose, plus a first floor two-bedroomed, self-contained flat with independent access via an external steel staircase. The flat is currently rented on an informal agreement and produces a rental income of £650 per calendar month.
Fully tenanted, we would expect the property to attract rental income of £15,600 per annum, making this an outstanding investment with a 13.5% annual return. Alternatively, for someone wishing to have their own business premises, the option to live above the premises or rent it out makes for additional income makes this a very sound investment.
THE PROPERTY - Single fronted, brick built, mid-parade building with frontage to a main road. At the rear of the building there are a number of useful brick and timber-built extensions and outbuildings. Steel staircase leads to the first floor two-bedroomed, self-contained flat with good quality uPVC windows and doors. The shop has traditional frontage, with electric security roller blinds and a wind-out awning. Internally there is a customer area. The shop has been stripped out other that a working walk-in fridge and stainless-steel deep sink which remain in situ. Door leads to a good size back room and further out back to a fully fitted modern kitchen with pantry and WC. Exit door leads to the outbuildings, one of which is fully tiled, has a deep stainless sink and hot water boiler and was utilised for food preparation. Additional outbuildings provide lots of storage but also have potential to convert to provide a residential annexe. EPC Band C
