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Withdrawn Prior
Sold
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Sold Post
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 a separately accessed three bedroom maisonette to the upper parts, the property is fully let to two tenants producing a total rent of £28,660 per annum.
The ground floor is let to a tenant trading as the Maypole Express convenience store on a five year lease expiring 29.04.2029 and paying £18,000 per annum.
The upper parts are let to an Assured Shorthold Tenancy (AST) expiring 31.09.2026 and paying £10,660 per annum.
The property occupies a prominent position in the centre of a popular local parade anchored by an Iceland Supermarket. Other national occupiers on the street include Betfred, Greggs and Aldi.
Tenure
Leasehold - 2,000 years from 10.12.1985 (1,960 Years Unexpired) - Peppercorn Rent
Rent