House For Sale £450,000
Mixed use investment for sale producing £25,000 Rental Income Per Annum.
Location
Empingham is located approximately 4 miles west of Stamford and 5 miles east of Oakham. The village lies close to the north shore of Rutland Water and has a population of about 1,000. The property is situated opposite St Pater’s Church on Church Street, close its junction with the A606 Stamford to Oakham Road.
Description
13 Church Street- comprises a self-contained ground floor lock-up shop trading as a ladies hairdresser with front sales area, treatment room and staff room / kitchen and w.c towards the rear. There is car parking to the side.
13A Church Street- is a self-contained first floor flat comprising two bedrooms, lounge, kitchen and a bathroom. It has a ground floor entrance off Church Street and a large rear garden.
15 Church Street- is a substantial building comprising of a ground floor lock up shop with living accommodation. The shop is trading as the village store and off licence selling a range of convenience items. The living accommodation extends to kitchen, pantry, scullery and lounge on the ground floor and three bedrooms and a bathroom on the first floor. Outside there is a large rear garden and lock up garage to the side.
Accommodation
Tenancies
13 Church Street – Ground floor shop only
9 year lease commencing on the 25th March 2015, on internal repairing and insuring terms at a rent passing of £7,500 per annum exclusive. The lease has the protection of the security of tenure provisions of the Landlord & Tenant Act 1954.
13A Church Street – First Floor Flat
Let on a Assured shorthold tenancy at a rent of £625 per calendar month.
15 Church Street – Shop & living accommodation
15 year lease commencing on the 1st April 2005 and currently holding over on internal repairing and insuring terms at a current rent passing of £10,000 per annum exclusive. The lease has the protection of the security of tenure provisions of the Landlord & Tenant Act 1954.
Copies of the leases are available on request to the agent.
Services
We understand the property is connected to mains electricity, gas, water and sewerage. No enquiries have been made of the relevant supply companies to confirm or otherwise the existence of these services.
Rating Assessment
From enquiries made to the Valuation Office website we understand that the following assessment applies:
Terms
The entire property is for sale freehold subject to leases, at a price guide of £450,000.
Epc's
The following rating assessments apply;
13 Church Street- Tbc
13A Church Street- E42
15 Church Street- Tbc
Viewing
For an appointment to view or further information please contact -
Charlie Burrows t: E:
Andrew Leech t: E:
Location
Empingham is located approximately 4 miles west of Stamford and 5 miles east of Oakham. The village lies close to the north shore of Rutland Water and has a population of about 1,000. The property is situated opposite St Pater’s Church on Church Street, close its junction with the A606 Stamford to Oakham Road.
Description
13 Church Street- comprises a self-contained ground floor lock-up shop trading as a ladies hairdresser with front sales area, treatment room and staff room / kitchen and w.c towards the rear. There is car parking to the side.
13A Church Street- is a self-contained first floor flat comprising two bedrooms, lounge, kitchen and a bathroom. It has a ground floor entrance off Church Street and a large rear garden.
15 Church Street- is a substantial building comprising of a ground floor lock up shop with living accommodation. The shop is trading as the village store and off licence selling a range of convenience items. The living accommodation extends to kitchen, pantry, scullery and lounge on the ground floor and three bedrooms and a bathroom on the first floor. Outside there is a large rear garden and lock up garage to the side.
Accommodation
Tenancies
13 Church Street – Ground floor shop only
9 year lease commencing on the 25th March 2015, on internal repairing and insuring terms at a rent passing of £7,500 per annum exclusive. The lease has the protection of the security of tenure provisions of the Landlord & Tenant Act 1954.
13A Church Street – First Floor Flat
Let on a Assured shorthold tenancy at a rent of £625 per calendar month.
15 Church Street – Shop & living accommodation
15 year lease commencing on the 1st April 2005 and currently holding over on internal repairing and insuring terms at a current rent passing of £10,000 per annum exclusive. The lease has the protection of the security of tenure provisions of the Landlord & Tenant Act 1954.
Copies of the leases are available on request to the agent.
Services
We understand the property is connected to mains electricity, gas, water and sewerage. No enquiries have been made of the relevant supply companies to confirm or otherwise the existence of these services.
Rating Assessment
From enquiries made to the Valuation Office website we understand that the following assessment applies:
Terms
The entire property is for sale freehold subject to leases, at a price guide of £450,000.
Epc's
The following rating assessments apply;
13 Church Street- Tbc
13A Church Street- E42
15 Church Street- Tbc
Viewing
For an appointment to view or further information please contact -
Charlie Burrows t: E:
Andrew Leech t: E:
