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242 Oxford Rd 762 sq ft 100% Let Retail Property Gomersal BD19 4RE £185,000 (£242.78/sq ft)
INVESTMENT HIGHLIGHTS
- Communal kitche
- Natural light
- Versatile use
- WC facility
- Signage
EXECUTIVE SUMMARY
Commercial Investment/Development Opportunity.
ERV: £21,600 per annum
5 Commercial units within a former residential dwelling
Potential for conversion into residential use
1 Unit currently let, with 4 vacant units ready for occupancy
The ground floor includes a lobby area/Room 1, communal kitchen, toilets and two units towards the rear of the property with a back garden. The upper floor also has a toilet with two separate units, one of which is currently let. The property would be attractive to an investor looking to fully let the property at an attractive yield of 10.4% or someone looking to owner occupy part of the property whilst receiving a rental income from the other units. Furthermore, the property has the potential to be converted back into a residential home or two apartments subject to planning.
The vendor is selling due to retirement.
ERV: £21,600 per annum
5 Commercial units within a former residential dwelling
Potential for conversion into residential use
1 Unit currently let, with 4 vacant units ready for occupancy
The ground floor includes a lobby area/Room 1, communal kitchen, toilets and two units towards the rear of the property with a back garden. The upper floor also has a toilet with two separate units, one of which is currently let. The property would be attractive to an investor looking to fully let the property at an attractive yield of 10.4% or someone looking to owner occupy part of the property whilst receiving a rental income from the other units. Furthermore, the property has the potential to be converted back into a residential home or two apartments subject to planning.
The vendor is selling due to retirement.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Office
Property Size
762 sq ft
Costar Property Class
C
Year Built
1930
Price
£185,000
Price per sq ft
£242.78
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.28
Total Plot Size
0.06 ac
1 1
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242 Oxford Rd
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