This is a rare opportunity to purchase a freehold property with a GDV of £880,000 in the heart of old Baldock town, quite literally within strolling distance of the wide Georgian high street, coffee shops, pubs, restaurants, and the train station. The freehold has a commercial property on the ground floor and 3 two-bedroom apartments to the rear and above, they are all currently generating an income of £40,260 per year.
General Description:
The commercial unit on the ground floor is let until 2029 to a sports therapist, also on the ground floor there is a lovely 2-bedroom apartment with an outside space to the rear ideal for a bistro table and chairs. Above we have two beautiful and particularly spacious duplex apartments. The value of the properties reflecting today’s current market in the opinion of the agent would be approximately £880,000, which is generating a rental income of £40,260 per year, there is we believe future capital growth and increases in the rental income. For a limited period only our vendor would consider selling this freehold opportunity for £700,000.