Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to the established covenant of Paddy Power on a popular high footfall street.
Arranged across ground, first and second floors, the ground floor is let to Paddy Power on a 10 year lease expiring 10/10/2030 and producing £25,000 per annum. The tenant has recently agreed to remove their break option in 2025 in return for 6 months rent free period displaying a strong commitment to the location.
The upper parts comprise two flats, both are sold off on 999 year leases and generate a total ground rent of £200 per annum.
The property is located in the heart of Addiscombe, approximately 30 metres from the rail station, nearby occupiers include William Hill, KFC and Sainsburys.
Tenure
Freehold
Rent