Excellent Investment Property Opportunity
£21,600 Current Rental Income Achieved
2 Ground Floor Shops Leased To Same Tenant
Quality Refurbished 3 Bed S/Cont Flat Above
Busy Main Street in Whitland, West Wales
Highly Recommended Proposition
An excellent property Investment opportunity consisting of two former terraced commercial/residential properties, situated right in the heart of the main shopping street of this most pleasant and vibrant west wales town.
Having tenants in place, occupying the 2 catering outlets to the ground floor, and bringing in combined rent of £15,600 per year, and with the added bonus of a newly refurbished and very spacious fully self contained 3 bedroom flat above, now also rented out and bringing in a further £6,000 per year.
Positioned in the main street of the Carmarthenshire town of Whitland, the property sits alongside and opposite numerous other business outlets, has free parking to front, a rear off road yard/private car parking facility for the flat and is also surrounded by strong levels of residential properties.
The two catering outlets to the ground floor of the property (Café & Sandwich Bar), achieve a combined rent of £15,600 per annum (£650 per shop/per month). New 5 year lease advised agreed/signed from October 2018.
The 3 bed flat above has fairly recently been fully refurbished & equipped to a high standard and is also advised by our seller as being rented out at £500 per month on a standard AST.
This excellent Investment proposition therefore has a combined rental income advised of £21,600 per annum.
Given the versatility, size, condition and location of the building, coupled to its full tenancies seen in place, this investment opportunity therefore comes highly recommended to the market.
FINALLY, PLEASE NOTE: Our vendor who is based in London and who is keen to sell, is also seriously open to price negotiation in return for a swift sale!
EPC Ratings: E (for both shops & flat)