Commercial property ready for investment

Investment Consideration: Gross Initial Yield: 8.47% Current Rental Income: approx. £102,720 p.a. Two-storey residential block of 10 x 1 bedroom, 5 x 2 bedroom and 1 x 3 bedroom flats which benefit from ample parking spaces, managers offices and large outdoor communal area. Located in a semi rural location with close by shops, train station and A57 / M1 motorway network.

++ JUST LOOK AT THE FLOORPLAN ++ An immaculate mixed commercial and residential investment opportunity with estimated potential income in the region of £20,000 p.a ++ BUSINESS NOT AFFECTED ++ High street location ++ MUST BE VIEWED ++

IDEAL INVESTMENT - FLATS Situated in the picturesque town of Rye, known for its historic charm and vibrant community. The property is conveniently located near local amenities, schools, and transportation links, ensuring high demand from tenants. This property comprises four well-appointed flats, each offering modern amenities and ample living space. Whether it's young professionals, families, or retirees, these flats cater to a diverse range of tenants. With the rising demand for rental properties in Rye, this investment promises a steady stream of rental income, ensuring excellent returns on your investment.

Business not effected. A large commercial premises measuring approx. 3400 square feet which could be used for a range of Commercial or Business purposes. Located opposite Manor Park entrance and with the benefit of parking to the side. The building has been home to Northern Glass Works for many years. The property has a number of very large rooms and in brief comprises; a 'shop floor' which is the full width of the building and has a staircase up the Mezzanine level currently used for storage. To the back of the building are two large 'workshops' a kitchenette and ladies and gents WC's. There is a door to the side where there is access to an outside storage room. A stair leads up to the first floor where there is an office and further large 'workshop'. All the rooms are well lit and there are numerous windows providing natural light. The building also has a very large loft space. For all enquiries contact our office in the first instance.

Currently being used as a five bedroomed HMO, the property gives great flexibility for those looking for a residential family home or a long term investment. Offering a potential yield of above 10% for those looking to keep the property as a HMO. Originally occupied by the seller as a traditional three bedroom family home potential is also available for those looking to purchase for themselves to live in. EPC Grade - E