Standout Features
- Rare Investment Opportunity
- Mixed Use Site Centrally Located
- Potential 9% Yield
- Scope To Increase ROI
- Vacant Commercial Unit With Residential Potential
- Excellent Letting History
Property Description
A rare opportunity to acquire this fantastic development in close proximity to the centre of Stapleford. Currently made up of two offices to the ground floor (with one having planning permission under permitted development to be converted into two one bedroom flats) and three flats above (one three bedroom and two one bedroom) it presents as a fantastic investment opportunity with a potential yield of up to 9%.
The site comprises of the following units:
39 - Vacant commercial office space. The unit has previously been let generating an annual income of £7,600. There is also planning under permitted development to convert the unit into two one bedroom flats. We would anticipate that if converted, the two units would achieve a combined annual income in the region of £16,200.
Prospective plans can be found on the planning portal link below:
https://publicaccess.broxtowe.gov.uk/online-applications/applicationDetails.do?activeTab=summary&key
41 - Occupied commercial office.
43 - Three bedroom duplex flat
45 - One bedroom flat
47 - One bedroom flat. The occupied units currently generating a combined annual income of £21,710 and there is scope to increase the ROI beyond this amount.
To the exterior, there is are two allocated parking spaces for each office unit to the front with the rear of the building have three garages (one for each residential flat) and four parking spaces.
The site comprises of the following units:
39 - Vacant commercial office space. The unit has previously been let generating an annual income of £7,600. There is also planning under permitted development to convert the unit into two one bedroom flats. We would anticipate that if converted, the two units would achieve a combined annual income in the region of £16,200.
Prospective plans can be found on the planning portal link below:
https://publicaccess.broxtowe.gov.uk/online-applications/applicationDetails.do?activeTab=summary&key
41 - Occupied commercial office.
43 - Three bedroom duplex flat
45 - One bedroom flat
47 - One bedroom flat. The occupied units currently generating a combined annual income of £21,710 and there is scope to increase the ROI beyond this amount.
To the exterior, there is are two allocated parking spaces for each office unit to the front with the rear of the building have three garages (one for each residential flat) and four parking spaces.
Additional Information
Tenure:
Freehold
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Church Street, Stapleford
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