An exciting opportunity to purchase an excellent asset management investment, situated on a busy "high street" in the affluent market town of Waltham Abbey.
Duncan Phillips have brought to the market this commercial and residential premises, comprising two shops currently let at a rental of £7100 per annum and £7500 per annum. The residential part offers two flats, a studio and two bedroom. They are both currently vacant with a ERV of £850 pcm / £1100 pcm.
There is further potential with planning permission to build another studio/ one bedroom flat.
Purchase price £450,000 equating to a 7.5% return on investment.