Mixed Use Investment for Auction Ripley DE5

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Auction date: Thu, 21/11/2024 - 09:00

Guide Price £127,500. An excellent freehold investment opportunity to acquire a high yielding mixed use property, currently producing a combined rental income of £14,400 per annum. This represents a 11.2% return based on the guide price. The imposing and spacious three storey property has an impressive double fronted, refurbished, ground floor lock up sales shop with air conditioning, cellar, two sales areas and wc. Externally, there is a useful storeroom to the rear. To the first and second floors, there is a spacious two double bedroomed living accommodation with separate access to the rear, comprising entrance hall, lounge, kitchen and on the second floor two bedrooms and shower room. Both units are let at £600 per calendar month.

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