Property ID : 10002092
On Market £240,000 Leasehold Flat
Sheaf Street Daventry Northamptonshire NN11 4AB
Investment Opportunity in Daventry Town Centre
This is a fantastic opportunity to invest in Daventry Town Centre offering rental returns from two ground floor retail unit and a large two storey, two bedroom apartment.
Current businesses are established and unaffected, so your investment will reap a return immediately and the apartment offers further potential.
This lovely stone Grade II listed property which has been well maintained, is believed to date back to the mid 1600’s, it is located in Sheaf street, one of the main shopping areas in Daventry Town Centre.
The properties leasehold was renewed in 2015 by the present owner to a 100 years lease, there is a annual ground rent of £8500 which is presently paid in quarterly instalments.
The property consists of:
24 Sheaf Street – This unit is approximately 360 sq ft with a small kitchen area and a separate WC. Presently operating with A1 use, let on a eight year lease with three year reviews, providing a rental return of £11,280 per annum.
26 Sheaf Street – This unit is approximately 270 sq ft with a small kitchen area and a separate WC. Presently operating with A1 use, presently let on a monthly rolling contract providing a rental return of £7,800 per annum.
24a Sheaf Street – Presently a two bedroom residential property which will have a rental return of approximately £9600 per annum.
This quirky and unique two storey property is surprisingly spacious and has plenty of character features throughout, including exposed oak floors, wall and ceiling beams, stone walls, leaded windows, pine panelling and window seats to name just a few.
The ample accommodation which has been well maintained is set over two floors, consists of a large lounge/dining living area measuring 9.55m (31’4″) x 5.28m (17’4″) a fitted kitchen with ample space for white goods and a table and chairs, two good sized bedrooms, a separate WC and a large bathroom.
This property also benefits from a council car parking permit, a gravelled courtyard garden and a balcony.
This spacious property could be separated into two smaller properties therefore offering further income potential.
The property is fully furnished and all contents including beds and white goods will remain so the property is ready to be let immediately.
Room measurements are as follow:
Lounge/Dining Room 9.55m (31’4″) x 5.28m (17’4″)
Kitchen Area 3.66m (12′) x 3.10m (10’2″)
Bedroom 1 5.43m (17’10”) x 3.84m (12’7″)
Bedroom 2 4.46m (14’8″) x 2.49m (8’2″)
Bathroom 3.35m (11′) x 2.23m (7’4″) max
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