Commercial Property
False
The property is situated within a parade of similar properties lying to the northern side of George Street opposite an Asda superstore and within an area which is currently undergoing extensive investment and improvement including a new retail and leisure development to the rear. The established shopping areas of High Street, The Saddlers, and Jerome Retail Park are all within close proximity.
The property comprises an attractive mid terraced three storey building of brick and part rendered construction with a slate roof. The property is well presented throughout and is currently used for a retail use.
A Well Presented Freehold Town Centre Retail Investment
Current Rent Passing: £7,400 pa
We understand that the property is Freehold subject to a Lease for a term of 15 years with effect from the 1st November 2008, at a current rental of £7,400 per annum. We note that there is a provision for a rent review every 5 years and that the next review falls on the 1st November 2018.
Full details and a copy of the Lease will be available for inspection within the legal pack.
We understand that VAT will be chargeable on this transaction.
Strictly by arrangement with the Auctioneers.
