3 School Green Rd
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3 School Green Rd
771 SF Retail Building Freshwater PO40 9AJ $243,957 ($316/SF)
Investment Highlights
- Well located in the centre of Freshwater in a busy area with high footfall traffic
- Strong Frontage
- Large windows for natural light
Executive Summary
DESCRIPTION
Whole building for sale comprising ground floor commercial premises running to a total of approximately 71.7 m² (771 ft²) with the main retail space running to circa 51.6 m² (555 ft²). The property also benefits from a generous frontage to School Green Road of 7.6 metres (25 ft). Please see floor plan overleaf for further details.
THE FLAT
The first and second floors are arranged as a flat with a separate entrance from the rear of the property. The flat has now been let on a 12 month Assured Shorthold Tenancy at the rate of £650nper calendar month due to the poor overall condition. Investors could modernise and improve the flat to gain greater rental yield. The flat comprises 3 bedrooms on the top (second) floor, with a large open plan living room/dining room to the front of the property plus kitchen, bathroom and separate toilet facility all located on the 1st (first) floor.
TERMS
For Sale with offers invited "in the region of" £195,000 for the benefit of the freehold interest of the whole property.
Whole building for sale comprising ground floor commercial premises running to a total of approximately 71.7 m² (771 ft²) with the main retail space running to circa 51.6 m² (555 ft²). The property also benefits from a generous frontage to School Green Road of 7.6 metres (25 ft). Please see floor plan overleaf for further details.
THE FLAT
The first and second floors are arranged as a flat with a separate entrance from the rear of the property. The flat has now been let on a 12 month Assured Shorthold Tenancy at the rate of £650nper calendar month due to the poor overall condition. Investors could modernise and improve the flat to gain greater rental yield. The flat comprises 3 bedrooms on the top (second) floor, with a large open plan living room/dining room to the front of the property plus kitchen, bathroom and separate toilet facility all located on the 1st (first) floor.
TERMS
For Sale with offers invited "in the region of" £195,000 for the benefit of the freehold interest of the whole property.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
771 SF
Building Class
B
Year Built
1920
Price
$243,957
Price Per SF
$316
Tenancy
Single
Building Height
2 Stories
Building FAR
0.27
Lot Size
0.06 AC
Frontage
17 FT on School Green Road
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3 School Green Rd
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