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The property comprises a high yielding mixed-use investment opportunity forming part of a popular local parade.
Arranged as a ground floor retail unit with residential accommodation to the first and second floors, the property is let at ground floor level to Southern Cooperative Funerals on a five year lease expiring 28.10.2028 and paying £18,000 per annum. The tenant did not exercise their 2024 break option displaying confidence in the location.
The upper parts comprise residential accommodation and are let separately, producing £15,600 per annum.
The total rent is therefore £33,600 per annum.
The property forms part of a popular mixed use parade comprising the principal local retail amenity for the surrounding residential area. Nearby occupiers include Betfred, Boots and Costa.
Tenure
Freehold
Tenancy
Southern Co-Operative Funerals Limited
Southern Co-Operative Funerals are an established operator trading since 1943 and from 62 funeral homes throughout Southern England.
Rent