Offers in region of
£215,000
Property for saleShop / Flat / Rear Building, 10 Orchard Road, St Annes On Sea, Lancashire FY8
About this property
Currently producing £19,380 per annum
Opportunity to increase rents in the future
Three separate occupational elements
Ground floor shop - nail salon
Rear ground & first floor commercial premises - pastries business
First & second floor residential flat
Three-bedroom residential accommodation
Ideal investment for private or corporate purchaser
The property is currently let to three separate occupiers, providing a combined rental income of: £19,380 per annum
The investment comprises:
Ground Floor Shop
The ground floor shop premises are occupied by a nail salon, producing a current rental income of £8,760 per annum.
Rear Commercial Premises
To the rear of the property is an additional commercial premises arranged over ground and first floors, which is occupied by a pastries business, producing a current rental income of £4,320 per annum.
Residential Flat
The upper floors provide a spacious three-bedroom residential flat, arranged over the first and second floors and producing a current rental income of £6,300 per annum.
The property therefore provides an attractive combination of commercial and residential income, with three separate occupational elements providing diversification of rental income.
Mortgage calculator
£1,075 per month
70+ lenders and 10,000+ products
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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
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