Another great deal from Arsh Ellahi
25% Below Market Value

Ready made and Part-Tenanted Mixed Use FREEHOLD Property
Commercial Unit & 1 Bed Flat

Manor Street, Stonehouse, Plymouth PL1 1TW

Market Value = £105,000 
Purchase Price = £80,000
Finders Fee £5,000  

Potential Cashflow:
Managed = £407 pcm = £4,884 per annum
 Self Managed = £490 pcm = £5,880 per annum

Great Investment Opportunity!

For a limited time only, we have sourced a ready-made, partially tenanted, income producing, mixed use investment property that consists of a (recently tenanted) one bedroom flat on the first floor and a ground floor shop (vacant possession) that was, until recently, being used as a hair salon.
 
This whole freehold building is in good condition and in an excellent location to attract both residential tenants (from the local university or working professionals) and another hair/barbers/nail salon tenant.
 
The property comprises of:
Ground Floor (Ex-hair Salon)
  • Private entrance into commercial room #1 (main shop front)
  • Commercial room #2 (used to wash / treat hair)
  • Storage room off commercial room #2 (houses large safe)
  • Commercial room #3 (staffing area / break room)
  • Separate WC
  • Separate kitchenette area with sink
 
First Floor (1 Bed Flat)
  • Private entrance into small hallway that houses the electric meter for the flat
  • Stairs to 1st floor landing
  • Bedroom (double size) with En-Suite shower room & WC
  • Lounge
  • Separate kitchen off lounge

Location
The property is located within walking distance of less than a mile from the following:
  • Drake Circus Shopping Centre: 20min walk
  • Plymouth University: 15min walk
  • Co-Op Pharmacy: 2min walk
  • Bus Station: 12min walk
  • Plymouth Train Station & other transport links
  • All the amenities and large supermarkets

Rental
Currently rented as follows:

  • Shop = £70 per week = £300 pcm
  • 1 bedroom flat = £90 per week = £390 pcm

Current Income £690 pcm = £8,280 per annum
 
This is less than the local rate to rent a room in a shared house in the area, let alone the entire 1 bed flat. With better marketing, a stable ownership (as in owner not trying to sell) and renting the flat as furnished, its very easy to command an increased rent of £100 pw for each premises.

Call ARSH On 07967 016 425

The Vision
  • Purchase the property Below Market Value for £80,000 and retain for cash flow
  • Title split the shop and flat and sell for the flat at £70,000. 
  • Either sell the shop separately or retain for rental purposes.

Cashflow Forecast
Currently rented as follows:

  • Shop = £70 per week = £300 pcm
  • 1 bedroom flat = £90 per week = £390 pcm

Current Income £690 pcm = £8,280 per annum

Costs to consider:
  • Mortgage Cost (Based on 75% Lending at 4%) = £200 pcm
  • Management @ 10% + VAT = £83 pcm

CASHFLOW AFTER ALL THE ABOVE COSTS
Managed = £407 pcm = £4,884 per annum
 Self Managed = £490 pcm = £5,880 per annum

Capital Required To Get Involved:
  • Purchase Price = £80,000
  • Deposit @ 25% = £20,000
  • Stamp Duty = £0
  • Legals = £1,000
  • Sourcing Fee = £5,000

Total Capital Required = £26,000

The Return On Investment based on an investment of £26,000 =
Managed = 20%
Self Managed = 23%

I am in contact with a letting agent who would be able to manage the property for you and make this a hands off investment.

If this is of interest call Arsh immediately on 07967 016425 to reserve.
Disclaimer - IMPORTANT NOTE TO PURCHASERS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

The information displayed about this property comprises a property advertisement. Arsh Ellahi makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. This property advertisement does not constitute property particulars.
The Ellahi Group
30-32 Chapel Ash, Wolverhampton, WV3 0TN
T : 01902 427143
E : arsh@arshellahi.com
W : www.arshellahi.com