Available
Spilsby – Shop & 2-Bed Flat
51/51A High Street, Spilsby, Lincolnshire PE23 5JHFreehold Vacant Retail & Residential Investment
Price
£145,000
Rent P.A.
Vacant
Yield
ERV £14,300
Tenure
Freehold
Area
1,478 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Vacant possession
- ERV: £14,300 p.a. GIY: 9.86%
- VAT is NOT applicable to this property
- Comprises ground floor retail shop and self-contained two bedroom flat at first floor
- Flat newly refurbished in 2023 with new kitchen, carpet and flooring, boiler, doors, electric wiring and lights installed
- Located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and more.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
Comprises end-of-terrace ground floor shop and newly refurbished self-contained two-bedroom flat at first floor with private garden at rear. The property provides the following accommodation and dimensions:
Ground Floor: 48 sq m (520 sq ft)
Open plan retail, Storage, WC
First Floor: 89 sq m (958 sq ft)
2 Bedrooms, Living Room, Kitchen, Bathroom
-New combi boiler
-New kitchen and bathroom tiles
-New doors
-New lights
-New electric wiring
-New carpet and flooring throughout
Total NIA: 137 sq m (1,478 sq ft)
Ground Floor: 48 sq m (520 sq ft)
Open plan retail, Storage, WC
First Floor: 89 sq m (958 sq ft)
2 Bedrooms, Living Room, Kitchen, Bathroom
-New combi boiler
-New kitchen and bathroom tiles
-New doors
-New lights
-New electric wiring
-New carpet and flooring throughout
Total NIA: 137 sq m (1,478 sq ft)
Tenancy Description
The retail shop is at present vacant. ERV: £6,500 p.a.
The flat is at present vacant. ERV £7,800 p.a.
The flat is at present vacant. ERV £7,800 p.a.
Location Description
Spilsby is a market town positioned towards the east of Lincolnshire, located approx. 15 miles north of Boston and approx. 25 miles east of Lincoln. The property is located in the heart of the town centre with occupiers nearby including Café`s, Restaurants, Pubs, Pharmacy and many more.