• Size:
    5,328 sq ft / 495 sq m
  • Usage:
    C2
  • Sale Type:
    For Sale
  • Rental Income:
    N/A
  • Property Type:
    Flats
  • Auction:
    No
  • Development Opportunity:
    No
  • Investment Opportunity:
    No
  • Tenanted:
    No
  • Energy Rating:
    N/A

The property is located on the corner of Pier Street and Cliff Road. The property can be accessed from a number of roads which connect to The Crescent and in turn to the A38 or A386 which provide access out of the city.

The property comprises of a doctors surgery on the ground and first floors. There are 12 car parking spaces included with the doctors surgery. On the second and third floors there are 6 x 2 bedroom flats which have a separate self-contained access.
The property is currently under construction, with completion due in early 2019.

* Newly built doctors surgery
* 25 year lease
* Rent of £97,600 per annum
* 6 flats sold on long leases
* Freehold for sale
* £1,960,000 reflecting a net initial yield of 4.69% assuming purchasers costs of 5.9%