£750,000

for sale in Commercial Street, Malton, YO17

Shortlist

Key Features

  • Freehold Commercial Block
  • Large Retail Premises
  • Five Two Bedroom Apartments
  • Five Garages Also
  • All Apartments Tenanted
  • Annual Returns Over £50k PA
  • Constructed In 2014
  • Excellent Property Investment

Only recently constructed in 2014 is this freehold block consisting of a commercial retail space, five spacious two bedroom apartments and five garages. The ground floor commercial unit is over 3,500 sq ft of space including rear loading bay area with roller door, kitchen, wc and full window frontage with double doors. To the side are five garages which are included to lessee's of the apartments. Five apartments each consisting two bedrooms, lounge, kitchen and bathrooms. All the apartments benefit from double glazing and gas central heating except one that has electric radiator heating. The kitchens have all integrated appliances including fridge freezer, oven, hob and extractors. Gross income from the apartments which are all fully let is at £29,640 gross per annum. The commercial unit we would expect to command £21,000 gross per annum, combined income of £50,640 per annum. In our opinion, Commercial and residential blocks this new are rare to find and this building is in superb condition. All the apartments are managed through a local letting agent and let very easily. All the tenancies are on standard AST agreements. NOT SUBJECT TO VAT.

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