LOCATION
Shirley Road is a bustling main road linking into the center of the city, having various ground-floor retail units lining the route with popular commercial tenants having a variety of uses including retail, takeaways and public houses all serving the surrounding residential areas.
The subject property is situated in the centre of this busy shopping terrace and benefits from both passing trade and good public transport connections on to the street which serves the rest of the city.
DESCRIPTION
The property is based over three floors, having a ground-floor retail unit with residential apartments above.
The property is of traditional brick and slate build in-keeping with the locality.
The property produces a rental income of £78,000pa across all tenancies, giving a yield of 8.43% on the asking price.
ACCOMMODATION
The property is laid out as follows:
Ground Floor: Shop - 484 sq ft
Rear Ground Floor: Studio 1 - 183 sq ft. Studio 2 - 183 sq ft. Studio 3 - 183 sq ft
First Floor: Studio 4 - 280 sq ft. Studio 5 - 237 sq ft
Second Floor: Flat A (two-bedroom) - 570 sq ft
TERMS
Each party is liable to pay their own costs.
OUTGOINGS
Ground Floor Retail has a rateable value of £7,600pa with the tenant paying this.
VAT
Not applicable.