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Property ID: 218429000
Monthly Income
£624
Current Yield
10.0%
Tenancy status
Tenanted
CapitalAppreciation
+4.2%
Exclusive Investment Grade Opportunity

This is a commercial property located in Millom with a tenant situated that is currently generating a steady, rewarding rental income for the current landlord.


For investors looking for a rewarding investment, this is a brilliant opportunity!


The property features storage rooms, hallway, snack bar and bathroom facilities.


Investment details


It currently produces an annual gross income of £7,488 with tenants currently situated. Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this property's investment potential, please see the Let Property Pack linked below.


If you are interested, please call us.


Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income624/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£624 pcm
Current Rental Yield
10.0%
Potential Market Value Rent
£624 pcm
Potential Rental Yield
10.0%
Estimated Monthly Capital Appreciation
£263
Area Capital Appreciation Rate
+4.2%

Tenancy Checks

Tenancy Agreement

Proof of Rental Income documentation has been verified against the rental amount in the Tenancy Agreement by Let Property.

Proof of Rental Income

Recent Proof of Rental Income has been Verified by Let Property.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Interactive street-level view of the property location and surrounding area.

Ground Rent
Freehold
Factor Fees/Running Costs
£62.40
Factor Name
unknown
Total Estimated Costs
62.4
Floor plans
Floor plan not availableNo floor plan image for this property
Attachments
Offers Over
£75,000
Location
2-3 Market Square, Millom, LA18
Bedrooms
0
Type of property
Commercial Unit

Additional Benefits

Fully Pre Checked by Let Property
Available First Come, First Serve
Over £1 Billion of UK Investment Property Sold.
Enquire for Detailed Returns Breakdown.
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Yearly Net Profit
Current Yearly Rent
£7,488
Annual Capital
Appreciation
£1,500
Yearly Factor Fee /
Service Charge
£748.80
Other Yearly Costs
None
Indicated
Annual Net Returns
£8,239.20