Julian Capewell, of property consultancy Bruton Knowles, is seeking investors interested in a pair of shops which also provide the opportunity to enter the lucrative residential market in the Gloucestershire town of Berkeley.
Independence House, on Canonbury Road, comprises two retail properties – a laundry and a takeaway – with first floor residential accommodation, and has been placed on the market with a guide price of £340,000.
Mr Capewell says; “The two shops plus accommodation amount to some 2,359 sq ft and generate an income of £19,000 per annum – with potential to increase.”
The owner-occupied laundry comprises a retail area, office and storage rooms along with a rear courtyard and two-bedroom flat above.
The takeaway includes a customer waiting area, storage room and commercial kitchen along with a three bay rear garage with the potential for refurbishment or conversion. This too has a first floor two-bedroom flat
“With both the commercial and residential sectors performing strongly,” Capewell adds, “these types of investment opportunities are looking increasingly appealing to investors.”
Posted by Kirsten Kennedy
Photo by Bruton Knowles
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