Lot 118: FREEHOLD MIXED COMMERCIAL & RESIDENTIAL INVESTMENT

Sold £170,000

A three storey mid-terrace building comprising a ground floor convenience store/off licence premises with separate access at the rear to a three bedroom maisonette above arranged over two floors.

The property is located in close proximity to Devonport Dockyard and the Torpoint Ferry Port and is likely to be of interest to those on the lookout for a mixed use investment.

Commercial

Ground Floor

Retail area, office/kitchen, W.C. and two storeroom areas with access via a roller door to rear service lane.

Residential

First Floor

Accessed from the rear. Kitchen/dining room, inner hallway, bathroom, living room and bedroom.

Second Floor

Landing and two bedrooms.

Outside

To the rear of the property is a courtyard area with access to the service lane.

Auctioneer’s Note

For information relating to the commercial element’s rateable value and other available data go to www.gov.uk/correct-your-business-rates and enter the postcode for the property into the appropriate search field.

Tenancy

The commercial element is let on a five year lease expiring September 2021 at a current rental of £1,100 per calendar month.

The residential element is let on an Assured Shorthold Tenancy Agreement at a current rental of £400 per calendar month/week

Residential EPC: E
Commercial EPC: D