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A freehold mixed-use property comprising a ground floor retail unit and two flats above.
Ground floor retail unit let on an FRI lease for a term of 15 years from 25/03/2014 for £12,500 per annum. Please note that the commercial tenant t/a a restaurant has had permission to open up the walls into the neighbouring units.
The residential upper parts comprise a one bedroom flat let for £8.400 p.a. and a two bedroom split level flat let for £13,200 p.a. - both flats are let on AST's.
Asset management potential - possibility to improve rent (subject to negotiation).
Total GIA approx.2,538 sq ft (235.78 sq m).
Investment let at £32,900 per annum
Tenure
Freehold
Accommodation
First Floor Flat - Approx. 563 sq ft (52.3 sq m)
Living Room, One Bedroom, Hallway, Bathroom/WC and Kitchen.
First and Second Floor Flat - Approx. 625 sq ft (58 sq m)
Hallway, Kitchen, Bathroom/WC, 2 Bedrooms and Living Room.
Commercial unit - Approx. 1,350 sq ft (125.4 sq m)
Walls knocked through to form part of a larger retail unit across neighbouring freeholds (Please see unit boundary marked in red on the floorplan).
Total GIA - Approx. 2,538 sq ft (235.78 sq m)
Tenancy
Ground floor retail unit let on an FRI lease for a term of 15 years from 25/03/2014 for £12,500 p.a.
Two self contained flats comprising one bedroom and a two bedroom flat both let on AST's.
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.