Vernon Street Leigh, WN7 1BS£135,000
Excellent opportunity for an income producing investment.
The premises comprise of 2 retail shops with a 2 bedroom flat on the upper. There is additional income from a parking space to the rear.
There is significant land to the rear that could be asset managed to greater improve the income.
Shop: £5100 PA
Shop: ERV £3380 PA
Flat: £5940 PA
Parking space: £420 PA
Purchase price: £135,000
- 11% Rental Yield
- 1x 2 bedroom flat
- 1x car park space
- 2x retail premises
- Current Rental Income: £11460 PA
- Marketed at £150000 - Contracts in at £135000
- Potential Rental Income: £14840