Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a freehold mixed-use investment forming part of a popular local parade and offering evident asset management potential.
Arranged as two ground floor retail units with two separately accessed flats to the upper parts, the property is let to three tenants on separate leases producing a total rent of £14,431 per annum. Heads of Terms have recently been agreed which will increase the rent to £18,431 per annum.
Unit 47D comprises a ground floor retail unit and is currently vacant. Heads of Terms are agreed for a new six year lease at an initial rent of £4,000 per annum with fixed rental uplifts. Please see the legal pack for more information.
We understand the property includes a small store/warehouse to the rear which could also be let separately, improving rents further.
The property is situated on Grimsby Road, an established and popular location comprising the principal retail amenity for the surrounding residential area.
Tenure
Freehold
Tenancy
Please see the below tenancy schedule and legal pack for more information.
Rent