* Calls to this number will be recorded for quality, compliance and training purposes.
Potentially Rental Income In The Region of £40,000 Per Annum
Ideal Purchase For Developer/Investor
Prominent Main Road Position
In Excess of 4,000 sqft
Plenty of Development Scope
Owner Willing To Split The Units And Sell Individually
Pearson Ferrier Commercial are delighted to bring to market this fantastic and rare opportunity to acquire such a substantial and prominent part tenanted investment/development property located within the highly sought after area of Elton.
Measuring in excess of 4000 sqft, the property consists of 2 commercial units, one currently occupied by ' Pen Thai' until July 2023 achieving £11,300 per annum and the other is currently vacant with a potential rental income of £10,000 per annum.
The upper floor, previously used as office space, is now completely vacant and offers fantastic potential to develop into a minimum of 3 very well sized 1 bed flats, that will each achieve £550 a month. The upper floor is accessed from the main road to the left of vacant commercial unit.
When fully developed and tenanted we expect the property to achieve in the region of £40,000 per annum rent, which represents a yield of over 10%
For more information about this property, please contact Pearson Ferrier Commercial, BL9 on +44 161 937 6187 * (local rate)
Contact Pearson Ferrier Commercial about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pearson Ferrier Commercial, and do not constitute property particulars. Please contact Pearson Ferrier Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.