INVESTMENT OPPORTUNITY - SHOP AND FLAT EXCELLANT YIELD - FIGURES UPON REQUEST
This is an ideal opportunity to acquire a tenanted flat and prime retail space in the centre of the popular market town of Kington. The property is Grade II Listed and set over four floors and includes storage rooms, cellar and a courtyard. Both shop and flat are occupied. Viewing is highly recommended to appreciate the accommodation and potential on offer.
Introduction
Situated within the centre of the market town of Kington is 7 High Street, a mid terraced Grade II Listed property offering an investment opportunity. The shop comprises; shop floor, changing room, office, storage room, two stock rooms and two storage rooms to the cellar. The Flat is located on the first and second floor and comprises; Living room, dining room, kitchen, three double bedrooms and a family bathroom. There is a courtyard.
Flat 7
A door to the right hand side of the shop front opens into the entrance hall where there is access to the flat and also to the shop and storage rooms. The flat door opens to a staircase which rises to the first floor landing. The landing is sizeable and has space for shoes, has high ceilings and a window to the rear. The living room is a fabulous size with two sash windows to the front, wooden flooring, high ceilings with coving and a dado rail and a feature decorative fireplace. The dining room has a sash window to the rear, wooden floorboards and a feature decorative fireplace. At the end of the landing is the kitchen/breakfast room which is fitted with base units, has space for an oven, white goods and a breakfast table and chairs. From the hall is a useful storage cupboard and the staircase to the first floor.
All of the bedrooms are doubles. There is a bathroom fitted with WC, basin and a bath with a shower over.
Shop
The shop is currently rented out to Sue Ryder. It is double fronted with a door from the high street into the shop. There is a changing area and access into the back office. From here the inner hall can be assessed which is also shared with the flat. There are two stock rooms, a cloakroom and a storage room on this floor. The cellar provides two further storage rooms.
Services
Shop premises and flats - electric storage heating TBC. Mains water and drainage.
Flat - Herefordshire Council Tax Band B
Location
Situated in Kington which is well catered for offering a number of individual shops, supermarkets, a doctors surgery, a private health club with pool, plus nursery, primary and secondary schooling. The nearby town of Presteigne is just 6 miles with historic market town of Leominster some 16 miles, the Cathedral City of Hereford is approximately 20 miles away and the well known town of Hay-On Wye is also just 15 miles away.
Investment
The shop is currently let by Sue Ryder - figures upon request.
The flat is let out on a twelve month lease which expires in December. The tenants are paying £595 per calendar month. NOTE: These particulars are intended only as a guide to prospective Buyers/Tenants to enable them to decide whether to make further enquiries with a view to taking up negotiations but they are otherwise not intended to be relied upon in any way for any purpose whatsoever and accordingly neither their accuracy nor the continued availability of the property is in any way guaranteed and they are furnished on the express understanding that neither the Agents nor the Vendors are to be or become under any liability or claim in respect of their contents. Any prospective Tenant must satisfy himself by inspection or otherwise as to the correctness of the particulars contained.