Three commercial buildings.
Description
Total area of the property is 2,899 m²
Property consists of three buildings.
The first office building was built in 1882 and comprised of 6 above-ground floors and 2 underground floors. The area of the building — 2,004 m² The elevator was installed in 2015.
The second office building was built in 1905 and comprised of 5 above-ground floors and 2 underground floors. The area of the buidling — 682 m² The elevator was installed in 2015.
The third building was built in 1991 and comrised of 2 above-ground floors and 1 underground floor. The building is meant to be a restaurant and now is vacant.
All buildings are sitauted on the same land plot with area of 2,428 m²
The purchase price of the property includes underground parking for 29 cars.
The type of ownership: Freehold.
Absolute annual income is 491,546 £.
The current yield of 2.5%.
After renovation of premises and singing of new lease agreements:
Projected absolute annual income is 1,476,169 £.
The projected yield of 7.6%.
Property is situated in the central part of the city. Community amenities and public transport stops are located within walking distance.
