Property description
Robert Luff & Co are delighted to offer this rarely available Freehold investment opportunity. The freehold includes a ground floor shop currently run as 'Smileys' café, a well established busy all day café with 10 years remaining on the lease and £8,000 per annum income. Upstairs is a good size one bedroom flat, currently let and previously had planning permission to convert the loft into a master bedroom with en-suite. The flat curent lets at £500 pcm and therefore the toatl investment produces £14,000 pa (cafe £8,000 - Flat £6,000) thus giving a 6.6% return on the sale price. Ideally situated on South Farm Road, this busy built up area is an ideal investment opportunity.
Private Front Door into:
Entrance
Stairs leading up to:
First Floor Landing
Radiator, built in airing cupboard, loft hatch, staircase leading up, built in cupboard housing electrics.
Lounge/Dining Room - 17' 7'' x 11' 7'' (5.36m x 3.53m)
Two double glazed windows to front, radiator, tv point, telephone point, picture rail, textured ceiling.
Bedroom One - 11' 10'' x 11' 4'' (3.61m x 3.45m)
Double glazed window to rear, radiator, tv point, space for wardrobes, textured ceiling.
Kitchen/Breakfast Room - 11' 7'' x 8' 8'' (3.53m x 2.64m)
Double glazed window to rear, stainless steel single sink unit inset to work surfaces with mixer tap and drainer, matching range of wall and base units, space for appliances, space for table and chairs, part tiled walls, picture rail, textured ceiling.
Bathroom
Double glazed window to side aspect, panel enclosed bath with shower over, pedestal wash hand basin, low level flush wc, radiator.
Loft
The loft has previously had planning permission for a bedroom with ensuite.
141 South Farm Road
Currently run as 'Smileys' café, a successful long standing business with large café seating area, serving counter.
Kitchen Area
Space for cooking equipment and door providing rear access.
Toilet
Customer toilet.
Storage Room - 14' 2'' x 12' 9'' (4.32m x 3.89m)
Window to side aspect, storage space, double sink unit, space for fridge freezers, wall mounted combination boiler, door to side aspect.
Property Features :
- Sole Agent
- Ground Floor Shop as Going Concern
- Flat Above
- Great Location
- Long Term Tenants