46 Byerley Rd 750 SF Specialty Building Offered at £120,000 at a 7.50% Net Initial Yield in Shildon DL4 1JH
INVESTMENT HIGHLIGHTS
- Long term investment opportunity
- Strong community links
- Well appointed space
EXECUTIVE SUMMARY
The property is currently let achieving £9,000 per annum on a 10 year lease with 8 years remaining and a mid term break. However the property also provides potential subject to relevant planning consents to be converted into a residential family home or to create two flats on the first floor above retaining the commercial unit. In brief the building comprises. an entrance hall leading into the main hall, separate kitchen, cloakroom and stairs lead to the first floor balcony area. Externally on street parking is available.
PROPERTY FACTS
| Price | £120,000 |
| Price Per SF | £160 |
| Sale Type | Investment |
| Net Initial Yield | 7.50% |
| Tenure | Freehold |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Size | 750 SF |
| Number of Floors | 1 |
| Year Built | 1920 |
| Parking Ratio | 8/1,000 SF |
AMENITIES
- Signage
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