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Investment Highlights
- Prominently located on Market Square
- Opposite the entrance to the Friars Square shopping centre
- Adjoining the Hale Leys shopping centre
Executive Summary
HMO and Retail Investment opportunity. For Sale. The property comprises a 4 storey (+ basement) freehold building, of approx. 4,555 sq ft (NIA). Basement, GF, 1st, 2nd & 3rd floor. The upper floors have now been converted into 10 HMO studio rooms on 1st and 2nd floor and one studio flat on the 3rd floor. The residential part is producing a gross income of £104,598.96 pa. Subject to part of the basement/ground floor Tenancy to Done Brothers (Cash Betting) (t/as BetFred) on a new 10 year full repairing and insuring lease from April 2018 with a tenant only break at April 2023, by giving 6 months notice. (not implemented). The new revised rent is upward of £50,000 pa with the opportunity to increase by negotiation. Lease within Security Provisions of Landlord & Tenant Act 1954 Part II. Total gross income £154,598.96 pa. Net income £145,058.96 pa.
Property Facts
| Price | $3,348,823 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $279,069 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.90 AC |
| Tenure | Freehold | Building Size | 4,555 SF |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $3,348,823 CAD |
| Price Per Unit | $279,069 CAD |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.90 AC |
| Building Size | 4,555 SF |
| No. Stories | 4 |
| Year Built | 1950 |
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14-18 Market Sq
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