Fantastic opportunity to own a mixed-use property, in a sought-after location yielding a great 7% return on your investment.

This is a spacious Victorian terraced house with a commercial unit and one bedroom maisonette situated in a favoured clive vale location, just a short stroll from the shopping facilities at ore village, hastings historic old town and the sea front. The accommodation here is arranged as a modern commercial space on the ground floor which is currently let as a convenience store.

The maisonette spans the 2 upper floors with a bright living room positioned at the front of the property offering plenty of room for a dining table while the kitchen and family bathroom can be found at the rear. The large double bedroom spans the second floor and features handy eaves storage. There is also a basement level which provides additional storage and to the rear there is a courtyard garden with off road parking for multiple vehicles.

Being sold with no onward chain and tenants in situ, this property would make the ideal investment opportunity.

▪ Shop: £8000, FPR, Insurance (covered by us payable by tenant), 5 year lease with a year on year mutual break clause.
▪ Flat: £7,740 rent on the flat is £695 pcm, and we are in the process of currently increasing this to £745 via the S13 process. The tenant is currently on a rolling tenancy which commenced 5/12/2019 for 6 months.

The financials:
▪ Purchase price: £225,000
▪ GDV: £245,000
▪ Annual profit: £6,437
▪ ROCE: 12%
▪ Yield: 7%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.