Retail premises for sale

Ground Floor – Retail
First Floor – Storage and Residential
Second Floor - Residential

Tenancies:

Ground Floor
A new 12 year lease has been agreed with the current occupiers commencing at £20,475 per annum with 3 yearly fixed increases. Rent increases are to £21,500, £22,575 and £23,750. There are Tenant Break Clauses at end of years 3,6 and 9.

First Floor – Storage Room / Landlord Store – Potential income producing
First Floor – Residential – producing £675.00 pcm / £8,100.00 pa
Second Floor – Residential - producing £750.00 pcm / £9,000.00 pa
Total monthly / annual rental income : £3,131.25 pcm / £37,575.00 pa

The current owners have had discussions in regards to further development of the property and would encourage prospective purchasers to consider what development may be possible at the rear of the property, subject to obtaining relevant planning permissions.

A non refundable deposit will be required when Solicitors are instructed and this amount will be deducted at the time of Completion.

A Legal Pack has been produced and will be provided to prospective purchasers. The cost of this, £500 + VAT will be recharged to the purchaser.