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£400,000

Corn Street, Witney, OX28

  • 2 beds
Other

£400,000

  • 2 beds
Other
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Estimate monthly mortgage payment:

£1,826 per month

Minimum deposit amount:

£20,000
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Offers are invited for this exciting investment opportunity. At this time, there is a ground floor shop with office and storage rooms, aswell as a spacious residential apartment across the first and second floors. Planning has been previously been granted to create an additional one bedroom ground floor apartment to the rear. In addition, planning has also been previously granted to extend the shop to the rear and add a new bedroom/living roomto the flat. The property is available with both residential and commercial tenants in situ or with vacant possession on completion. The shop comprises of two reception rooms occupying the full width of the building and several stores reaching to the back of the plot. The upper floors are given over to a one bed apartment, or maisonette, accessed by the rear steel stairs and served by a terrace. The rear utility spaces are used as storage and not necessary to the business; no vehicles are run from the premises. Note that the only accessible areas for those with mobility disabilities are the ground floor front shop premises. The whole site has potential for greater usefulness. The scheme is as follows: The commercial shop area will continue to be wheelchair accessible. Access to the residential area will continue to be from the rear gate to the site and on up the (modified) external staircase.The rear garage/storage area will become a one bedroom unit with space for bicycles and bins storage created in a central courtyard area.

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£1,826 per month
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Mortgage and legal costs:
£999
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