The property comprises a ground floor and lower ground floor retail unit, currently let to a well-established hairdressing salon at a rent of £6,000 per annum. The commercial element extends to approximately 425 sq ft of retail space to the ground floor and occupies a prominent trading position within this busy and highly visible location.
The upper three floors are currently let on the residual of an occupational contract at £1,000 per month and are accessed independently from the rear and provide a well-presented, modernised self-contained apartment. The accommodation includes an open-plan living area incorporating contemporary fitted kitchen units, dining space and comfortable lounge area.
The apartment further benefits from four generous double bedrooms, each furnished with fitted bedroom furniture and dedicated study areas. All bedrooms enjoy the advantage of their own en-suite shower room, making the property particularly attractive for professional or student letting.
The property is fully let and currently produces a combined annual income of £18,000 per annum, reflecting a 9% gross return on the asking price.
This is an our opinion, an ideal investment purchase offering immediate income with established tenants in place, located in a strong and consistent rental area.
Agent Details
Williams & Goodwin The Property People, Bangor
01248 663132
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