The Property comprises a ground floor shop unit together
with a 1 bed flat and a 2/3 bed maisonette above both of
which are separately accessed from Colston Road to the
rear.
The building was extended from a two
-floor residential unit
into a three
-floor one and the works were completed in
March 2020. At that time, a new floor was created in the
roof space
, allowing 26b to become a maisonette.
The whole residential area was renovated including a new
roof, renovated flat roof terrace, all plumbing, electrical
and gas cooking and heating, the exterior and interior
doors, bathroom suites, fitted kitchen units and kitchen
equipment.
The windows were also replaced and the soundproofing
between the floors upgraded.
The ground floor commercial wiring was upgraded to 3
phase.
We are instructed to seek offers in excess of £1,250,000 which
reflects a Net Initial Yield of 6.15% after purchaser's costs of
6.8%.