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FULLY LET COMMERCIAL AND RESIDENTIAL INVESTMENT - £15,240 PA INCOME - APRIL 2017

JD Commercial have been instructed in the sale of a mixed investment located on The Square in the village of Northam.  Situated opposite the village Newsagents and Supermarket the shop premises were operated as a Post Office for many years until 5 years ago when the Postmaster retired.  Since then the ground floor has been let to a florists for 4.5 years at an annual rent of £6,000 per annum.  Further income is derived from two self contained first floor flats which produce an income of £9,240 per annum, both of which have 2 bedrooms, and have views down Sandymere Road and over Northam Burrows.  Like the shop tenant the two flat tenants have been in occupation for some time, 5 years and 13 years respectively.  The income from the property is £15,240 per annum, with the property being sold with the benefit of all of the existing tenancies.  JD Commercial are marketing the property from a quoting price of £217,500 and they can be contacted on 01237 424053 or via www.jd-commercial.co.uk.