6 INVESTMENT PROPERTIES
An excellent investment opportunity comprising 5 residential properties and a shop premises producing an annual income of around £22,560 and showing a return of around 9% per annum on the guide price. The properties are situated close to the centre of the market town of Longtown with parking available to the front and comprising a traditional terraced town house converted to flats with a shop and archway providing access to the rear where two modern cottages have been constructed. The first floor accommodation comprises a 2 bedroom flat and a bedsit with a ground floor 2 bedroom flat plus two single storey 2 bedroom link cottages to the rear. The shop is a lock up retail unit with bin store and staff toilet. The portfolio is available for sale as a whole. EPCs = E, C & D.
GUIDE PRICE: £249,000
Longtown is a market town, situated on the A7, due north of the City of Carlisle and Junction 44 of the M6. This is an ideal location for access to the local road network to include the A74(M) and the M6 together with the A75 from Gretna westward into Dumfries & Galloway and for the A69 to the northeast at Brampton. The properties are situated in Longtown centre a short distance from all retail outlets and local facilities with ample parking available joining. The position of the properties are shown on the following Location Plans.
48 English Street – a 2 bedroom ground floor flat with oil fired central heating, partial PVC double glazing and accommodation comprising; kitchen with fitted wall and base kitchen units, living room, bathroom to include shower over the bath and 2 bedrooms.
48a English Street – a first floor bedsit with night storage radiators and comprising a bed/sitting room with kitchenette area and bathroom and needing some updating.
50 English Street – a single fronted lock up retail unit of approximately 27 sq.m with bin store and staff toilet.
50a English Street – a 2 bedroom first floor flat comprising living room, 2 bedrooms, bathroom and kitchen which would benefit from some updating.
50b English Street – a modern 2 bedroom mid link cottage with PVC double glazing and a modern electric heating system and comprising entrance hall, bathroom to include bath with shower over, open plan kitchen/dining room/living room with fitted kitchen units and 2 bedrooms.
50c English Street – a 2 bedroom end link cottage with PVC double glazing and a modern electric heating system. The accommodation comprises entrance hall, bathroom to include bath with shower over, an open plan kitchen/dining room/living room with fitted kitchen units, 2 bedrooms and a lawned garden.
48a and 50a have a common staircase from the pavement to a landing. At the front, on street parking is available plus an archway leading to the rear where there is a courtyard and access to the ground floor properties and cottages. The site is shown on the enclosed Site Plan and includes a slope with rough growth to the rear.