Initial price	£320,000
28/09/24	£290,000
Price Change	-9.38%

This vacant mixed commercial/residential property is being sold by public auction with a guide price of £300,000-£320,000. The property is arranged as a shop plus a rear and upper five-bedroom HMO, which has been recently let at a combined rent of £36,300 per annum, equivalent to a gross yield of 11.25%. The shop has a contemporary composite-clad facade and a walled garden to the rear. The living accommodation is ideal for owner-occupation or creating additional income. The property has a prominent trading location on Albert Road, with a variety of businesses nearby, including a Tesco Express outlet. The shop and residential areas have been recently let, with a total rent of £36,300 per annum. The property is being sold with a council tax band of 'A' and an EPC rating of 'D' for the residential area and 'B' for the commercial area. Viewings can be arranged by appointment with the auctioneers.