Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises two ground floor lock up shops comprising of ground floor retail areas and basement ancillary accommodation.
The shops are fully let and currently producing £33,500 p.a. The property is located on The Avenue, close to the junction with Gordon Road and is close to all local amenities.
Tenure
Long Leasehold - 999 years
Tenancy
Ground floor and basement of 22 The Avenue let on a 12 year lease from November 2022 currently producing £14,500 p.a.
Ground floor and basement of 24 The Avenue let on 12 year lease from November 2022 currently producing £19,000 p.a.
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 inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.
22 The Avenue - We understand that the rent is £14,500 pa. subject to a reduced rent up until the 7 February 2025 from the start or the tenancy to assist the tenant to fit out the shop and install a new shop front, In order for the buyer to receive the full pro rata rent for their ownership from completion up to the date when the full rent of £14,500 shall become payable under the tenancy, the seller has agreed to make up the amount of the reduction allowed to the tenant upon completion. Please refer to the legal pack.