£425,000
7 bed detached house for saleChurch Street, Stapleford NG9
7 beds
5 baths
5 receptions
EPC Rating: D
Freehold
About this property
Rare Investment Opportunity
Mixed Use Site Centrally Located
Potential 9% Yield
Scope To Increase ROI
Vacant Commercial Unit With Residential Potential
Excellent Letting History
A rare opportunity to acquire this fantastic development in close proximity to the centre of Stapleford. Currently made up of two offices to the ground floor (with one having planning permission under permitted development to be converted into two one bedroom flats) and three flats above (one three bedroom and two one bedroom) it presents as a fantastic investment opportunity with a potential yield of up to 9%.
A rare opportunity to acquire this fantastic development in close proximity to the centre of Stapleford. Currently made up of two offices to the ground floor (with one having planning permission under permitted development to be converted into two one bedroom flats) and three flats above (one three bedroom and two one bedroom) it presents as a fantastic investment opportunity with a potential yield of up to 9%.
The site comprises of the following units:
39 - Vacant commercial office space. The unit has previously been let generating an annual income of £7,600. There is also planning under permitted development to convert the unit into two one bedroom flats. We would anticipate that if converted, the two units would achieve a combined annual income in the region of £16,200.
Prospective plans can be found on the planning portal link below:
41 - Occupied commercial office.
43 - Three bedroom duplex flat
45 - One bedroom flat
47 - One bedroom flat. The occupied units currently generating a combined annual income of £21,710 and there is scope to increase the ROI beyond this amount.
To the exterior, there is are two allocated parking spaces for each office unit to the front with the rear of the building have three garages (one for each residential flat) and four parking spaces.
A rare opportunity to acquire this fantastic development in close proximity to the centre of Stapleford. Currently made up of two offices to the ground floor (with one having planning permission under permitted development to be converted into two one bedroom flats) and three flats above (one three bedroom and two one bedroom) it presents as a fantastic investment opportunity with a potential yield of up to 9%.
The site comprises of the following units:
39 - Vacant commercial office space. The unit has previously been let generating an annual income of £7,600. There is also planning under permitted development to convert the unit into two one bedroom flats. We would anticipate that if converted, the two units would achieve a combined annual income in the region of £16,200.
Prospective plans can be found on the planning portal link below:
41 - Occupied commercial office.
43 - Three bedroom duplex flat
45 - One bedroom flat
47 - One bedroom flat. The occupied units currently generating a combined annual income of £21,710 and there is scope to increase the ROI beyond this amount.
To the exterior, there is are two allocated parking spaces for each office unit to the front with the rear of the building have three garages (one for each residential flat) and four parking spaces.
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