Auction Property 1 Bed Mixed Use 

West Street, Conisbrough, Doncaster

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Features

  • Auction Date: 23rd & 24th October 2019
  • Mixed use investment property
  • Accommodation over three storeys
  • GF retail and residential upper floors
  • Sold with vacant possession
  • Potential to add capital value
  • Approximately 1,695 Sq. Ft
  • Potential income of £9,600 per annum
  • Freehold
  • Close to town centre

Quick Details

1 Bedroom1 Reception1 Bathroom

Address

12 West StreetConisbroughDoncasterYorkshireDN12 3JH
Details
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Property Details

•For Sale By Online Auction – 23rd & 24th October 2019
•Guide Price: £65,000+
•End Terrace Mixed Use Investment
•Sold with Vacant Possession: Opportunity to Add Value
•Freehold

•For Sale By Online Auction – 23rd & 24th October 2019
•Guide Price: £65,000+
•End Terrace Mixed Use Investment
•Sold with Vacant Possession: Opportunity to Add Value
•Freehold

This mixed use commercial and residential premises offers accommodation over three storeys.

The accommodation includes a ground floor retail unit previously used as a Hair and Beauty Salon, and a large one bedroom self-contained flat to the upper floors with spacious living accommodation. The flat is accessed via separate side entrance. Externally, the property benefits an enclosed yard to the rear.

The property is conveniently located on West Street in Conisbrough Town Centre and is well placed within six miles of the larger towns of Rotherham and Doncaster.

The property is surrounded by a mixture of similar mixed use and residential properties on the street. There is potential to add capital value following some refurbishment works or if converted into flats (STP).

Accommodation

Ground Floor Retail - 49.51 Sq. M / 532.92 Sq. Ft
First Floor (Inc. stairs) - 71.37 Sq. M / 768.22 Sq. Ft
Second Floor - 36.61 Sq. M / 394.06 Sq. Ft
Total – 157.49 Sq. M / 1,695 Sq. Ft

Services

We understand the property to have mains gas, electricity, water and drainage. However, interested parties are advised to carry out their own investigations.

Tenure

Freehold

Investment Analysis

We estimate the flat and the shop will let for in the region of £400 pcm (£4,800 pa) each, totalling £9,600 pa. This would represent a gross annual yield of 14.77%, based on the guide price.

Council Tax

The residential flat is rated in Council Tax Band A. Council Tax payable (2019/20) is approximately £1,102.80.
The ground floor shop and premises have a current rateable value of £2,300 pa.

Guide Price

£65,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT

Viewing

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnpye.co.uk to arrange an appointment.

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