Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding mixed-use investment opportunity forming part of a popular local parade.
Arranged across ground, first and second floors the property is fully let to two tenants producing a total aggregate rent of £10,550 per annum.
The ground floor is let to Rehman Holdings Limited on a 10 year lease expiring 31.03.2029 and paying £10,500 per annum.
The upper parts comprise a duplex flat sold off on a long leasehold basis expiring 24.03.2083 and paying a ground rent of £50 per annum. The leasehold therefore has approx. 59 years unexpired.
We consider the property may benefit from asset management potential via improvement of rents on the ground floor retail unit, but also via extension premium for the upper parts.
The property forms part of a popular local parade fronting North Lane. The street comprises the principal retail amenity for the surrounding residential area and is characterised by a number of local retailers and residential accommodation.
Tenure
Freehold
Rent
Notes
Please note, any plans, drawings and photographs are for indicative purposes only. The yellow line drawing may not reflect the exact boundary of the property. Please refer to the legal pack. Prospective purchasers are to rely on their own enquiries.