property
We are informed that the retail unit is let on a Lease for five years, with approximately 4 years unexpired, at a rent of £5,100 per annum and that the residential flat is let on an Assured Shorthold Tenancy, at a rental of £350 per calendar month.
For further information and confirmation of the tenancy arrangements, please refer to the legal pack.
The property is located on Port Street, a busy route to the east of the River Avon, in walking distance of the Town Centre. The A46 lies approximately 1 mile distant, which provides access to the motorway network via junction 9 of the M5.
The property comprises a three storey, double fronted, mid terraced building of traditional construction, standing in a parade which lines the southern side of Port Street. The ground floor retail area extends to 53.20 sq.m. (572 sq.ft.) or thereabouts with storage, wc and kitchen to rear and small storage area at first floor level.
The residential accommodation, with private access, is split over first and second floors and comprises three bedrooms, living room, bathroom and kitchen. There is a yard area to the rear of the property.
Commercial Investment
A Freehold Retail Investment with Residential Accommodation
We understand that the property is Freehold and is being sold subject to the existing Lease.
VAT is believed not to be payable in respect of the lot, but all interested parties are referred to the legal pack.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
