Commercial Property
False
The property occupies a busy High Street position with a comprehensive mix of retail and other commercial uses within the immediate vicinity.
The property is considered to occupy a good potential catchment area for its existing use or a variety of other retail uses.
The property comprises a two storey mid terraced mixed retail and residential property of brick construction with a tiled pitched roof and having a single storey rear wing.
The property has long been established as a dog grooming parlour and comprises a small retail area to the front, a grooming room to the rear, stores, WC, out buildings including brick stores and utility area.
The living accommodation comprises on the ground floor a modern fitted kitchen and lounge whilst on the first floor there are two bedrooms and bathroom.
Outside there is a yard area and large enclosed garden with a gate to the rear.
The property is well presented throughout.
A Freehold Mixed Retail and Residential Investment within a Busy Local Shopping Area
Current Rent: £9,000 pa*
We understand that the property is Freehold subject to an existing Lease which expires on the 13th September 2016.
The existing tenant who has been in occupation for approximately 23 years has recently signed a new Lease for a term of 6 years with effect from the 14th September 2016 at a rental of £9,000 per annum*.
The rent receivable until the start of the new Lease is the equivalent of £6,718 per annum. However the vendor will make an adjustment upon completion so that the prospective purchaser will benefit from the increased rent with immediate effect following completion.
We understand that VAT may be chargeable on part of the sale price. All interested parties should refer to the Legal Pack for further information.
Strictly by arrangement with the Auctioneers.
