Other
Substantial mixed commercial/investment freehold building with accommodation on three floors. Currently let and producing a combined income of £16,200 p.a. Excellent investment opportunity.
DESCRIPTION :
Large end terraced building with accommodation on three levels. Ground floor off-licence and general store let on a 15 year lease at £12,000 per annum. Two bedroomed duplex flat on the upper floors with independent access and let on an assured shorthold tenancy at £350 pcm (£4,200 per annum).
ACCOMMODATION :
Ground Floor :
Large sales area, store room, kitchen
First & Second Floor :
Not inspected by the auctioneers but we are advised comprises a two bedroomed flat.
Lease Details :
Ground floor let on a 15 year FRI lease with 5 yearly upward rent reviews and a 10 year break clause. Rent £12,000 per annum. Upper floors let on a 6 month assured shorthold tenancy at £350 per calendar month.
TENURE :
Freehold
SUBJECT TO TENANCIES
VIEWING ARRANGEMENTS
By arrangement with the Auctioneers – 01332-242880
GUIDE PRICE
£125,000+
For Sale by Auction: Thursday 9th July 2009
At Pride Park Stadium, Derby
Commencing at 11.30 am
Mixed commercial/investment building with accomodation on three floors
Currently let and producing a combined income of £16,200 p.a.
