George Street, is a mixed use property, which was once a former banking hall, with x2 commercial units with ancillary above.
We have converted to the following:
ᴏᴜʀ ᴘʟᴀɴ ꜰᴏʀ ᴛʜᴇ ɢʀᴏᴜɴᴅ ꜰʟᴏᴏʀ:⠀⠀⠀
Created 2 x Commercial unit on the ground floor, open plan with kitchenette, store and separate WC.⠀ ⠀
ᴛʜᴇ ꜰɪʀꜱᴛ & ꜱᴇᴄᴏɴᴅ ꜰʟᴏᴏʀꜱ:⠀⠀
Created 2 x Twodio flats on the 1st and 2nd floors comprising a shared separate kitchen, 2 x studio/bedrooms, 1 with en-suite shower room and 1 with off-suite shower room.⠀⠀⠀⠀
Created 2 x 1 bedroom flats on the 1st floor to the rear. Each comprising a bedroom, separate shower room and open plan kitchen/living space.
Purchase Price £582,000⠀ ⠀
Build Costs £303,000⠀ ⠀
Refinance £1,300,000⠀ ⠀
Rental Income £90,000 ⠀
ROI 68%⠀ ⠀
Gross Yield 6.9%⠀