3 Bedrooms Flat for sale in The Parade, Shepshed, Leicestershire LE12 | £ 160,000
Overview
| Price: | £ 160,000 |
|---|---|
| Contract type: | For Sale |
| Type: | Flat |
| County: | Leicestershire |
| Town: | Loughborough |
| Postcode: | LE12 |
| Address: | The Parade, Shepshed, Leicestershire LE12 |
| Bathrooms: | 1 |
| Bedrooms: | 3 |
Property Description
*investment opportunity to include 3 properties in A parade with three garages and successful rental history*.
A super opportunity to acquire a series of properties having a successful rental history for the last 14 years. The 3 properties and garages had a collective income of £14,860 (A return of 9.3%) Two of the flats have recently become vacant. 3 to 5 The Parade comprises -
No.3 - A Hairdressers with shop floor, large store and WC - The business has operated from the Parade since owned by the current Vendor. A lease renewal was signed in January 2018 - Rent @ £415 pcm - EPC Rating E
No. 4 - A 2 bedroom ground floor flat with open plan living space with kitchen and a bathroom - Last Rent (2018) @ £395 pcm - EPC Rating D
No.5 - A one bedroom ground floor flat with open plan living space and kitchen and shower room - Last Rent (2018) @ £350 pcm - EPC Rating E
Three Garages - Located at the rear, two of which are rented with a combined income of £1000 pa.
Detailed Breakdown Of Whole Investment
3 the parade (Current Hairdressers)
front shop: 23'1" x 17'11" (7m x 5.5m)
Four light points. Ceiling glazed windows and door to the front elevation. Laminate flooring, Plumbed-in sink. Door through to a lobby area which opens to the main Store.
Store room: 5'6" x 4'7" (1.7m x 1.4m)
Door through to:-
W.C: This comprises W.C. And wash hand basin with window to the rear.
4 the parade
open plan lounge/kitchen: 21'10" x 17'11" (6.7m x 5.5m)
Window and door to the front elevation. Three wall light points. Electric storage heater. Wall mounted fan heater. Laminate flooring.
Kitchen area: Which ranges of base eye level units with work surface. Inset 1½ bowl sink and side drainer. Oven and hob extractor fan. Space for fridge freezer. Door leads to:-
hallway: Leads from down to the back door with ceiling light point. Door to:-
utility area: Which has a space for plumbing a washing machine. Housing the hot water cylinder and ceiling light point.
Bedroom 1: 12'8" x 8" (3.9m x 2.4m)
Ceiling light point. Double wardrobe. Electric storage heater.
Bedroom 2: 8'8" x 7'10" (2.6m x 2.4m)
Built in wardrobe. Ceiling light point. Electric storage heater.
Bathroom: Comprises of a three piece suite to include a corner bath with shower attachment over. W.C and wash hand basin. Ceiling light point. Extractor fan. Heated towel rail.
5 the parade
open plan lounge/kitchen: 21'6" x 17'9" (6.6m x 5.4m)
String style lighting with four light points and three further wall light points. UPVC double-glazed windows and doors to the front elevation. Electric storage heater and wall mounted convector heater. Laminate flooring.
Kitchen area: Comprises of a range of base and eye level units with insert surfaces. Integrated oven and hob. Space for washing machine and fridge freezer. Door to:-
hallway: Ceiling down lights. Door to Rear:-
bedroom: 12'7" x 8'6" (3.8m x 2.6m)
Ceiling light points Electric storage heater and built in wardrobe with mirrored front.
Shower room: 6'9" x 7'5" (2.1m x 2.3m)
Shower cubicle. Ceiling light point. Extractor fan. Four tiling to the walls and to the floor. Door through to:-
W.C: W.C. And wash hand basin. Light point. UPVC double-glazed windows to the rear and fully tiled floor and walls.
Outside: Number 3 has a walkway access to the shop. To the rear there is access at garage. Flats 4 and 5 have a small decking area to the front which is separated from the walk way and is for their use only.
Garages - There are three garages include. Two of which are currently let with a combined income of £1000 per annum.
Tenure/possession: We are advised by the Vendor that the property is being sold freehold. The first floor leasehold flats pay £50 each per annum to the Freeholder who has responsibility for the blocks building insurance. We are advised that the current insurance for 2018/19 is approx. £600.
Property Location
Property Marketed by Sinclair Estate Agents - Shepshed
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