Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a rarely available mixed-use investment let to a laundrette and occupying a prominent high footfall pitch.
Arranged as a ground floor retail unit and a one bedroom flat to the upper parts, the property is fully let to a single tenant trading as a laundrette on a lease expiring 02.07.2030 and paying £19,000 per annum.
The rent has not been reviewed since the commencement of the lease, and we therefore consider the property offers asset management potential via two outstanding rent reviews providing an opportunity to improve rent, with a further rent review due 24.06.2027. We consider the Estimated Rental Value of the property to be in the order of £35,000 per annum.
The property forms part of a popular local parade fronting Fillebrook Avenue. The parade comprises the principal local retail amenity for the surrounding residential area.
Tenure
Freehold
Rent