Freehold / Mixed-Use Investment Opportunity 34 & 34A Mill Bank, Stafford, Staffordshire, ST16 2QT Guide Price: £175,000 An attractive mixed-use investment comprising two first-floor residential flats and a ground-floor restaurant held on a long lease.
The property generates a combined annual rental income of £21,800, comprising £11,000 per annum from the commercial premises and £10,800 per annum from the two residential flats, let at £500 and £400 per calendar month respectively.
https://www.ayogorkhali.co.uk/ ( for photos of restaurant interior)
Offering an attractive gross yield of approximately 12.46% at the guide price of £175,000, this investment presents an opportunity for landlords and property investors seeking an established income stream from both residential and commercial accommodation.
Situated in Stafford, the historic county town of Staffordshire, the property benefits from access to town-centre amenities, transport links and the wider regional employment network.
With diversified rental income, an existing commercial lease and two residential rental units, this is an appealing proposition for investors looking to expand their portfolio with a mixed-use asset offering strong headline returns.
Annual Rental Income: £21,800
Guide Price: £175,000
Gross Rental Yield: 12.46%
This property may appeal to:
Buy-to-let investors seeking established residential rental income.
Commercial property investors interested in mixed-use assets.
Portfolio landlords looking to diversify their existing holdings.
Investors seeking potential income growth through rent reviews, lease events or future asset management opportunities, subject to the existing contractual arrangements.
* Plus 5% Buyers Premium + VAT
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Copies of the leases can be found in the legal pack
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
Buy-to-let investors seeking established residential rental income.
Commercial property investors interested in mixed-use assets.
Combined annual rental income of £21,800
* The Guide Price given is an indication as to where the Reserve is currently set. The Reserve is the minimum price that the auctioneer is authorised by the vendor to sell the property for. It is subject to change throughout the marketing period. Where the Guide Price is a single figure, the current Reserve will not be more than 10% above that single figure, and where a price range is given (i.e. £50,000 - £55,000), the Reserve will not exceed the upper level of the range. It is not necessarily what the auctioneer expects it will sell for.
We would like to point out that all measurements, floor plans and photographs are for guidance purposes only (photographs may be taken with a wide angled/zoom lens), and dimensions, shapes and precise locations may differ to those set out in these sales particulars which are approximate and intended for guidance purposes only.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms' employment has the authority to make or give any representation or warranty in respect of the property.
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