Retail premises for sale

Location:
The property is located on the west side of this thoroughfare to the north of the junction with Cobbold Road. The premises are close to the library and sub post office and in a neighborhood retail location.

Accommodation:
The property comprises a mid terrace, flat fronted period property and the subject accommodation comprises the ground and lower ground floor retail premises. The unit has a small rear yard area with separate mews access.

The accommodation extends to the following new internal floor area.
Size:
Gross Frontage: 16 ft (15.95 m)
Shop Depth: 28 ft 3" (8.62 m)
Retail Area: 592 sq. Ft (50.37 sq. M)
Lower Ground Floor Storage: 348 sq. Ft (32.32 sq. M)
total area: 690 sq. Ft (82.69 sq. M)
Rear Yard: 180 sq. Ft (16.8 sq. M)

tenure:
The premises are held by way of long lease for the ground and lower ground floor accommodation for a period of 120 years from 25th March 1986 with approximately 82 years unexpired. The lease is held at a peppercorn ground rent with tenant being responsible for a fair proportion of maintenance and repair for the fabric of the building and insurance.

Tenancy:
Let to Octavia Foundation (). Current rent £17.500 per annum (exclusive of VAT) and increasing to £20,000 from 28 September 2026. Rent review: 28 September 2027. 10 year lease term from 28 September 2022 to 27 September 2032:

EPC: On request

VAT: Tbc.

Price: £275,000