House For Sale £325,000
A unique opportunity. Located right by the station, this detached freehold bungalow is separated into a modern one bedroom home with courtyard garden and them a separate office/business premises with kitchen and shower room. Many, many opportunities here and a must view for any investor with a 5% to 12% yeild potential.
Just completed and finished to a high standard throughout, this really is a unique property and a fantastic opportunity for a small business owner looking for combined office/shop space and living accommodation. Alternatively, as a pure investment, having reviewed the rental income potential, through either long-term tenancies or, due to the style and perfectly suited location, an Airbnb, we are confident of a 5% to 12% yeild
The accomodation
Entering the private courtyard garden, decked throughout with external power point. Bi-fold doors open into a bright living space with twin windows to the front. Doors lead off the rear hallway to the kitchen, shower room and double bedroom with built in wardrobe. The kitchen has space for a breakfast table and space for a washing machine, fridge and dishwasher. The oven, microwave and hob are all integrated. The shower room has underfloor heating as well as a sky light that bathes the room in light. With skylights to the kitchen and hallway, you can access the spectacular green roof, roof garden.
The business space
With Class E use, this could make an ideal office or shop, such as tattoo parlour, hairdressers or financial services office. Alternatively, with a change of use, this could make a generous studio with fantastic Airbnb potential, with its great location.
With door and window to the street, the space opens up with industrial style fittings. Great light from two large roof windows and supported by a kitchen area and separate shower room.
The returns
The Long Term Option: Renting both units out individually should see a monthly rent on the bungalow of £800 pcm with the office achieving £600 pcm, these conservative figures would see a yield of around 5% with further potential to extend the building upwards, subject to planning permission.
The airbnb Option: Retaining the office on a long term tenancy of £600 pcm and using the bungalow as an air bnb with a 70% occupancy generating £33750 gross a year, could see a combined yield of 12%. Changing the office use to air bnb could see this increase dramatically.
All our figures are all estimated and we suggest you to research the local market fully to understand what you personal return could be.
Local area
Set in the heart of East Anglia, the historic city of Norwich has everything you would desire of a vibrant regional capital and has a real sense of history preserved. You will find a modern cultural feel with beautiful heritage, dynamic nightlife, sophisticated shopping and mouth-watering restaurants. Chantry Place Shopping Centre offers high end shopping, whilst the Norwich Lanes won the great British high street of the year with its many independent and unique businesses including shops, bars, cafes and restaurants. Norwich is the most complete medieval city in Britain and boasts two cathedrals as well as the castle with stunning architecture. There are also a number of sought after schools and colleges. The River Wensum flows throughout the city and offers boat rental and various pubs situated along the river itself. Every year in May, the city hosts the Norfolk and Norwich Festival, bringing cultural and exciting acts and performances to the city. Voted in the top 10 within a poll of the happiest places to live in Britain, the Cathedral City of Norwich offers access to all the major rail links and Norwich International Airport. Norwich is located approximately 40 minutes from the delightful North Norfolk coast rolling countryside, whilst still being a vibrant, ever evolving city.
General information
• The two units are on one freehold title deed with combined utilities
• Gas Central Heating
• On Street Parking
• No Onward Chain
Sefftons confirm that these particulars are believed to be accurate, however they are a brief summary issued for general guidance only and are not comprehensive. These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and does not form part of any offer or contract. Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise. The employees and representatives of Sefftons are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect.
Just completed and finished to a high standard throughout, this really is a unique property and a fantastic opportunity for a small business owner looking for combined office/shop space and living accommodation. Alternatively, as a pure investment, having reviewed the rental income potential, through either long-term tenancies or, due to the style and perfectly suited location, an Airbnb, we are confident of a 5% to 12% yeild
The accomodation
Entering the private courtyard garden, decked throughout with external power point. Bi-fold doors open into a bright living space with twin windows to the front. Doors lead off the rear hallway to the kitchen, shower room and double bedroom with built in wardrobe. The kitchen has space for a breakfast table and space for a washing machine, fridge and dishwasher. The oven, microwave and hob are all integrated. The shower room has underfloor heating as well as a sky light that bathes the room in light. With skylights to the kitchen and hallway, you can access the spectacular green roof, roof garden.
The business space
With Class E use, this could make an ideal office or shop, such as tattoo parlour, hairdressers or financial services office. Alternatively, with a change of use, this could make a generous studio with fantastic Airbnb potential, with its great location.
With door and window to the street, the space opens up with industrial style fittings. Great light from two large roof windows and supported by a kitchen area and separate shower room.
The returns
The Long Term Option: Renting both units out individually should see a monthly rent on the bungalow of £800 pcm with the office achieving £600 pcm, these conservative figures would see a yield of around 5% with further potential to extend the building upwards, subject to planning permission.
The airbnb Option: Retaining the office on a long term tenancy of £600 pcm and using the bungalow as an air bnb with a 70% occupancy generating £33750 gross a year, could see a combined yield of 12%. Changing the office use to air bnb could see this increase dramatically.
All our figures are all estimated and we suggest you to research the local market fully to understand what you personal return could be.
Local area
Set in the heart of East Anglia, the historic city of Norwich has everything you would desire of a vibrant regional capital and has a real sense of history preserved. You will find a modern cultural feel with beautiful heritage, dynamic nightlife, sophisticated shopping and mouth-watering restaurants. Chantry Place Shopping Centre offers high end shopping, whilst the Norwich Lanes won the great British high street of the year with its many independent and unique businesses including shops, bars, cafes and restaurants. Norwich is the most complete medieval city in Britain and boasts two cathedrals as well as the castle with stunning architecture. There are also a number of sought after schools and colleges. The River Wensum flows throughout the city and offers boat rental and various pubs situated along the river itself. Every year in May, the city hosts the Norfolk and Norwich Festival, bringing cultural and exciting acts and performances to the city. Voted in the top 10 within a poll of the happiest places to live in Britain, the Cathedral City of Norwich offers access to all the major rail links and Norwich International Airport. Norwich is located approximately 40 minutes from the delightful North Norfolk coast rolling countryside, whilst still being a vibrant, ever evolving city.
General information
• The two units are on one freehold title deed with combined utilities
• Gas Central Heating
• On Street Parking
• No Onward Chain
Sefftons confirm that these particulars are believed to be accurate, however they are a brief summary issued for general guidance only and are not comprehensive. These particulars and any text, measurements, dimensions or indicative plans made available are for general information only and does not form part of any offer or contract. Prospective purchases should not rely on these particulars and must satisfy themselves on all aspects by inspection or otherwise. The employees and representatives of Sefftons are not authorised to make or give any representations, assurances or warranties for the property, whether within these particulars or otherwise, and no liability is accepted to the purchaser in this respect.
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