FREEHOLD
The entire property is at present let to an Individual for a term of 5 Years from 1st February 2019 at a current rent of £11,500 p.a. and the lease contains full repairing and insuring covenants. The tenant stated they'd be open to un-demise the uppers from their responsibility by deed of variation should someone want to develop it.
Residential development potential, subject to obtaining the necessary consents
The property comprises ground floor shop and self-contained office at first and second floor, providing the following accommodation and dimensions:
Ground Floor: Shop 67 sq m (721 sq ft)
First Floor: Office 75 sq m (807 sq ft)
Second Floor: Office 75 sq m (807 sq ft)
Total area size: 217 sq m (2,335 sq ft)
Freehold
Price: £150,000
Rent: £11,500 pa (7.67% Initial Yield)
FRI Lease
5 years from 2019
VAT is applicable
Upper Development Potential
Self Contained Office Uppers
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