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242 Oxford Rd 762 SF 100% Leased Retail Building Gomersal BD19 4RE $246,492 ($323.48/SF)
INVESTMENT HIGHLIGHTS
- Communal kitche
- Natural light
- Versatile use
- WC facility
- Signage
EXECUTIVE SUMMARY
Commercial Investment/Development Opportunity.
ERV: £21,600 per annum
5 Commercial units within a former residential dwelling
Potential for conversion into residential use
1 Unit currently let, with 4 vacant units ready for occupancy
The ground floor includes a lobby area/Room 1, communal kitchen, toilets and two units towards the rear of the property with a back garden. The upper floor also has a toilet with two separate units, one of which is currently let. The property would be attractive to an investor looking to fully let the property at an attractive yield of 10.4% or someone looking to owner occupy part of the property whilst receiving a rental income from the other units. Furthermore, the property has the potential to be converted back into a residential home or two apartments subject to planning.
The vendor is selling due to retirement.
ERV: £21,600 per annum
5 Commercial units within a former residential dwelling
Potential for conversion into residential use
1 Unit currently let, with 4 vacant units ready for occupancy
The ground floor includes a lobby area/Room 1, communal kitchen, toilets and two units towards the rear of the property with a back garden. The upper floor also has a toilet with two separate units, one of which is currently let. The property would be attractive to an investor looking to fully let the property at an attractive yield of 10.4% or someone looking to owner occupy part of the property whilst receiving a rental income from the other units. Furthermore, the property has the potential to be converted back into a residential home or two apartments subject to planning.
The vendor is selling due to retirement.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Office
Building Size
762 SF
Building Class
C
Year Built
1930
Price
$246,492
Price Per SF
$323.48
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
0.06 AC
1 1
NEARBY MAJOR RETAILERS
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242 Oxford Rd
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