The property is mid-terraced and of 3 storeys, with the ground floor let to Marshalls Estate Agents. The upper floors, which are separately accessed, have been previously sold on a long leasehold interest.

The current rental income from Marshalls is £6,200 p.a., however, notice has been served for the forthcoming rent review rent review at £8,500 p.a.  The nominal income receivable in respect of the upper residential accommodation is £50 p.a.

Peter Heather, Partner of Miller Commercial comments, ‘Our client is seeking offers in the region of £100,000 for the property, representing a net initial yield of circa 8.4%, after purchasers costs of 1.75%.   

Full property details are available on Miller Commercial’s website – www.miller-commercial.co.uk or by phoning Peter Heather on 01872 247007.