A delightful retail investment which is competitively priced has just become available in Ticehurst.
It comprises a ground floor lockup shop of in total around 700 sq ft together with a 2-bed flat over sold on a long lease. The shop trades as a cafe and is let for a term of 10 years from Aug 2011.
The total rental income, including ground rent for the flat, is £7,850 per annum.
A price of £115,000 is being sought showing a return of just under 7% before purchaser’s costs.