Log In/Sign up
Your email has been sent.
8 Chapel St 902 sq ft Retail Property Welford On Avon CV37 8PX £260,000 (£288.25/sq ft) 8.83% Net Initial Yield
EXECUTIVE SUMMARY
The property is a grade 2 listed three storey, Victorian fronted building, offered for sale as a mixed use freehold investment. It comprises a ground floor shop and separately accessed residential apartment set over first and second floors.
Commercial Ground Floor - Montpellier Gallery:
A lease of the premises on IRI terms with a passing rent of £17,000pa. The tenant is holding over on a lease which is within the security of tenure provisions of the 1954 Landlord & Tenant Act. The tenant has indicated a wish to remain in the premises on lease terms to be agreed with the new freeholder.
Residential Upper Floors: The Flat 8 Chapel Street - Let on a periodic Assured Shorthold Tenancy at a passing rent of £600pcm.
Commercial Ground Floor - Montpellier Gallery:
A lease of the premises on IRI terms with a passing rent of £17,000pa. The tenant is holding over on a lease which is within the security of tenure provisions of the 1954 Landlord & Tenant Act. The tenant has indicated a wish to remain in the premises on lease terms to be agreed with the new freeholder.
Residential Upper Floors: The Flat 8 Chapel Street - Let on a periodic Assured Shorthold Tenancy at a passing rent of £600pcm.
PROPERTY FACTS Under Offer
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
902 sq ft
Costar Property Class
C
Year Built
1907
Price
£260,000
Price per sq ft
£288.25
Yield
8.83%
NOI
£22,950
Tenancy
Single
Number of Floors
1
Frontage
19 ft on Chapel Street
AMENITIES
- Bus Route
- Security System
- Signage
1 1
NEARBY MAJOR RETAILERS
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
8 Chapel St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.