63-67 Haywood St 1,621 sq ft Vacant Retail Property Leek ST13 5JH £450,000 (£277.61/sq ft) 6.44% Net Initial Yield

Income producing investment of brick elevations and tiled, pitched roof coverings comprising a large commercial unit on the ground floor which is currently empty and four tenanted apartments above providing an immediate income. Each apartment is let on an AST bringing in a combined £28,980pa and the ground floor commercial is currently vacant but available at £17,500 pa resulting in a potential overall income of £46,480pa, a 10.3% gross yield at £450,000. To the rear of the property is space for four vehicles with separate access to the apartments opposite an area of public space. All apartments have gas central heating powered by individual combi boilers and UPVC double glazed windows. Although the ground floor unit is arranged as a single unit, it could very easily be split into two units which may be more appealing to the rental market.