Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
A ground floor double fronted retail unit t/a a kitchen show room.
Approx. 1,108 sq ft.
Let to Simpaul Designs for a term of 5 years from 23/07/2025.
Investment let at £26,169.96 per annum (13.42% GIY on guide price).
Tenure
Leasehold - Held on a 125 Year lease from 1st May 2013 at a ground rent of peppercorn. Reversion 2138.
Accommodation
Ground Floor: 103 sq m (1,108 sq ft).
Two showrooms, kitchen, two storage rooms and two WC's.
Tenancy
The entire property is currently let to Simpaul Designs Ltd for a term of 5 Years from 23rd July 2025 at a current rent of £26,169.96 p.a. and the lease includes full repairing and insuring covenants. Rent review in July 2027 and 2029 open market upward only. Mutual option to determine in July 2028 with min 6 months notice.
Please note the vendor is holding a deposit of £4,280 from the tenant.
Rent
Notes
Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.
Please note VAT is applicable.