WILLIAMS & DONOVAN COMMERCIAL - A fantastic investment opportunity to acquire this deceptively large, ground floor retail unit plus a fully refurbished three bedroom maisonette above. Located along Hockley High Street with regular passing footfall. We anticipate a gross rental yield in excess of 6%. Keys held for viewings.
The property is located along Hockley High Street which produces regular footfall for the retail unit. Nearby businesses are mostly independently run and include Potters Cookshop, Hockley Dental Practice, Village Café and a tanning salon. The properties are within 0.3 miles of Hockley Train Station which links to Liverpool Street.
A deceptively large, ground floor retail unit measuring approximately 92 square metres which has been partially refurbished. Currently A1 use and provides a spacious shop front, three possible offices, W/C, Kitchen and a Stock room.
The three bedroom maisonette measures approximately 105 square metres and has been completely refurbished throughout. Benefiting from personal entrance door opening directly onto the High Street as well as a impressive Kitchen/ Breakfast Room, large lounge, three double bedrooms and shower room plus family bathroom.
We estimate a combined rental income of between £26,400 - £30,000 per annum.
Commencing with the ground floor retail unit:
Shop Front 32'1" x 14'1" - Door to front opening onto the high street. Two large display windows to front aspect. Door to under stairs storage cupboard, door to Office A and door to Hall.
Office A 8'9" x 8'2" - Window to rear aspect. Glass wall to side overlooking shopfront.
Hall - Fire Exit Door to side, doors leading to W/C, Office B, Kitchen and opening to Office C.
W/C - Two piece suite comprising Low Level WC and wash hand basin.
Office B 9'2" x 8'6" - Window to side aspect. Glass wall overlooking Hall.
Kitchen 10'2" x 7'7" - Window to side aspect. Base and Eye units with roll edge work surface above. Inset stainless steel sink and drainer unit. Space for undercounter Fridge. Large floor safe.
Office C 14'7" x 7'11" - Window to side aspect. Door leading to stock room.
Stock Room 14'7" x 7'6" - Door and window to side aspect. Storage cupboard.
External: One allocated parking space to the rear.
Personal entrance door directly off of the High Street into Entrance Hall.
Entrance Hall - Stairs to first floor opening straight into Kitchen/ Breakfast Room.
Kitchen/ Breakfast Room 15'2" x 14'3" - Double glazed window to rear aspect. Brand new fitted kitchen comprising of base and eye level units with wood effect work surface. Inset stainless steel sink with drainer unit. Built in oven with hob and extractor hood above. Plumbing for washing machine. Space for Fridge/Freezer. Wood effect flooring. Tiled Splashback. Stairs to second floor with large understairs storage cupboard. Vertical radiator. Doors leading to lounge, shower room and balcony.
Balcony - Timber construction with stairs leading to the rear.
Shower Room - Brand new three piece suite comprising of low level W/C, wash hand basin and shower with folding glass screen. Chrome heated towel rail. Tiled floor and part tile walls.
Lounge 18'1" x 15'11" - Double glazed window to front aspect. Radiator. Fitted Carpet.
Landing with access to all second floor rooms plus storage cupboard housing boiler.
Bedroom One 11'1" x 9'3" - Double glazed window to rear aspect. Radiator. Fitted Carpet.
Bedroom Two 14'10" x 9'0" - Double glazed window to front aspect. Radiator. Fitted Carpet.
Bedroom Three 14'10" x 9'1" - Double glazed window to front aspect. Radiator. Fitted Carpet.
Family Bathroom 8'8" x 8'1" - Double glazed window to rear aspect. New three piece suite comprising low level W/C, wash hand basin and P shape bath with shower above and glass shower screen. Part tiled walls. Chrome heated towel rail.
Lease Details TBC.
Each party is to be responsible for their own legal costs in this matter.
Contact Williams & Donovan Hockley to book your viewing. 01702 200666. Strictly by appointment only.