We're about to be instructed on this mixed use building in St Leonard's Road, Far Cotton comprising:
- downstairs lock up shop, currently trading as a cafe but will be vacant on purchase. Should bring in minimum £6,000 per annum. No shop on this road is currently empty.
- upstairs 1 bed flat, currently bringing in £7000 including bills.
- potential to increase both incomes with relatively nominal works to the premises.
We're expecting this to come to the market at £170,000 but the vendor is keen to sell so some movement may be possible, meaning a return of minimum 8.5% for the purchaser - at that level there's clearly going to be interest from investors so please get in touch with me quickly at:
