Retail and Residential Property Investment For Sale - Hungerford

The property is situated at the junction of the A4 Charnham Street and Bridge Street opposite the Bear Hotel. Access to the car park is via Charnham Park to the rear.

The property comprises a ground floor retail premises with first floor three bedroom maisonette.

It is a two-storey brick built building with pitched tiled roof in the main with a single storey rear extension used by the ground floor shop only.

The ground floor trades as a hairdressing salon and includes reception, cloakroom, beautician’s, main salon, office, staff room, WC, kitchen and rear stores.

The first floor comprises a three bedroom maisonette accessed from its own self-contained entrance to the ground floor with stairs leading to the first floor where lounge, bedroom, small study, fitted kitchen and bathroom are available and to the second floor two double bedrooms with built in cupboards and WC facility.

The property has the benefit of five parking spaces, four are demised to the shop and one to the maisonette.

The ground floor is held on a lease dated 25th November 2013 for 9 years and the upper floors are held on an Assured Shorthold Tenancy dated 7th March 2016 expiring 6th March 2017.

The total income is currently £27,000 per annum exclusive but this should rise on review.

There is potential, subject to varying the lease and planning, to develop the rear by adding a further maisonette or standalone buildings within the parking area

The property is available to purchase with offers sought in the region of £500,000.

For full details or further information on this Hungerford investment for sale please contact Shane Prater on 01635 551441.