A town centre investment opportunity producing close to a 15% yield, if purchased at the guide price. The property fronts Military Road in the pedestrianised town centre within close proximity to the main bus station terminal and entrance to The Pentagon Shopping Centre. The property is arranged as a ground floor commercial unit, currently trading as a phone and vape shop, with three one-bedroom flats above. The flats are all currently let and in good order with gas heating systems via radiators and double glazed windows. The upper parts were converted from offices three years ago and the communal parts have double glazed windows. The whole building has a fully integrated fire alarm system which was installed in 2020 and there has been a new roof. Retail Unit Pav's Phones & Vapes Ground Floor Shop floor. Basement Kitchenette, two store rooms and W.C. Tenancy Let on a 10-year commercial lease, expiring in 2031, at a current rental of £14,500 per annum. We understand there is a break clause in 2027. EPC Rating C (58). Total Floor area 104 sq.m. Residential Parts Ground Floor Communal entrance. First Floor Flat 1 Entrance hall, kitchen/living room, bedroom and bathroom with W.C. Tenancy Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month. Second Floor Flat 2 Entrance hall, kitchen/living room, bedroom and bathroom with W.C. Tenancy Let on an Assured Shorthold Tenancy Agreement at a current rental of £750 per calendar month, however we have been informed by the Seller that the tenant does in fact only pay £700 per calendar month. Third Floor Flat 3 Entrance hall, kitchen/living room, bedroom, shower room with W.C. Tenancy Let on an Assured Shorthold Tenancy Agreement at a current rental of £775 per calendar month. Tenure Remainder of a 125-year lease from 25th December 1982 at a ground rental of £2,200 per annum. All Flats Council Tax Band A All Flats EPC Rating C Viewing External only.