Station Road, Faringdon, Oxfordshire, SN7 7BN

For Sale £550,000

Property Description

An exciting and interesting opportunity to purchase a part income producing commercial and residential investment, with the potential to modify and extend the existing accommodation.

A mixed use retail and residential property currently generating the annual equivalent of £15,600 with potential of an additional circa £19,200 per annum

The property is currently configured to provide:

A self-contained ground floor retail unit extending to approximately 78m² (836ft²) as expressed on a net internal basis, currently let to V.I.P Hair & Beauty Studio on a lease expiring in October 2023 at £8,400 per annum

A ground floor self-contained 1-bedroom ground floor flat, currently let on an Assured Shorthold Tenancy at £600 pcm.

First Floor self-contained 3 bedroom first and second floor flat – vacant. ERV circa £950 pcm

A First Floor 1 bedroom flat - vacant. ERV circa £650 pcm

There is potential to re-configure and potentially extend the existing accommodation, subject to obtaining the necessary consents

Reference: 16282692 EAID:3552051449 BID:461801

Key Features

  • Mixed use (VIP business not affected)
  • Prominent detached building
  • Mixture of commercial and residential accommodation
  • Part income, part vacant
  • Potential to reconfigure & extend
  • Total income of approximately £35,000 per annum if fully let