Property features

• Two Large Shops with Accommodation
• Fantastic Investment Oppurtunity
• High Yielding Property
• Huge Potential To Increase Value
• Close To Several Local Amenities
• Close To Several Local Transport Links
• Potential 10 Bed HMO
• Large 3800 Sqft Property

Summary

Kingsland Estates are delighted to offer to the market this fantastic investment oppurtunity currently comprising of of two large shops to the ground floor and a number of living areas to the upper floors. The property has a huge potential to be converted into a 10 bedroom HMO with some configuration (subject to planning). The property bares a huge 3,800Sqft footprint spread over two floors. The building has a huge scope of options for conversion including turning the whole property into a number of flats or keep the ground floor as shops with flats above. The current owner had previously let out the property as a whole for £430 for the week generating an income of 1900 pcm - he know that this rent was below the potential rent he could have charges but as an elderly person he was retired and wanted a simple life. So the property has huge potential to achieve a much higher rental return and an even greater resale value if it is reconfigured If reconfigured to 10 bed HMO- rent would be approx £80- per week- £3200 pcm rent for the two shops would be- £13.33 per sqft- the two shops could generate potentially £18000- £20,000 rent per annum- £1600 pcm total monthly return will be- £5500 approx- yield will be 30%