Cambridgeshire Multi-Let Opportunity

Key Features

Location: Huntingdonshire district of Cambridgeshire
Price: £399,000
Mixed-use Property for SALE
Producing £29,455 with the potential to increase to £38,155

The property:

A freehold large grade 2 listed, Mixed property, contains a shop and two flats and a flat roof with potential for development.
The flat on the first-floor needs refurbishment and once it is done, the rent will reach £38,000pa

Ground Floor – Retail

First Floor – Storage and Residential

Second Floor – Residential

Tenancies:

Ground Floor

A new 12 year lease has been agreed with the current occupiers commencing at £20,475 per annum with 3 yearly fixed increases. Rent increases are to £21,500, £22,575 and £23,750. There are Tenant Break Clauses at end of years 3,6 and 9.

First Floor – Storage Room / Landlord Store – Potential income producing

First Floor – Residential – producing £675.00 pcm / £8,100.00 pa

Second Floor – Residential – producing £750.00 pcm / £9,000.00 pa