Brief DescriptionCORNER PROPERTY SITUATED IN A BUSY RESIDENTIAL AREA OF ST. HELIER - EXCELLENT FINANCIAL RETURN. Compact property investment with good tenants and 8% return, consisting of a shop and a duplex apartment.The shop is currently let as a Launderette on lease expiring in 2023. The Launderette equipment is owned by the vendor but maintenance is the responsibility of the tenant and uses "well water" (meaning no water rates), plus there is parking for one car. Above the shop is an attractive character duplex apartment comprising of a lounge, separate kitchen, 1 double bedroom, 1 smaller bedroom and a bathroom.Please contact Peter Ridgway on 07797713686 to arrange an appointment to view.
IDEAL STARTER INVESTMENT
8 % RETURN
SHOP (WITH CAR PORT PARKING SPACE) & FLAT ABOVE -
ALL LET PRODUCE INCOME OF Â£28,980PA
Main DescriptionLease Laundrette is let until July 2023 (rent £18,480 p.a) annual cost of living rent reviews.
Insurance and rates outgoings approx £1,100 p.a.
Flat is let until January 2016 with annual rent reviews. (Rent £875 per month). The Landlord is responsible for maintenance of the exterior of building.
Services Mains drains and water (well water to laundrette) Main Electric. (3 Phase).
Please contact us on 01534 880 770 if you wish to arrange a viewing appointment for this property, or require further information.
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