LOCATION:
The property is located on the west side of this thoroughfare, to the north of the junction with Cobbold Road. The premises are close to the library and subpost office and in a neighborhood retail location.
ACCOMMODATION:
The property comprises a mid-terrace, flat-fronted period property and the subject accommodation comprises the ground and lower ground-floor retail premises. The unit has a small rear yard area with separate mews access.
The accommodation extends to the following new internal floor area:.
SIZE:
Gross Frontage: 16 ft (15.95 m)
Shop Depth: 28 ft 3" (8.62 m)
Retail Area: 592 sq. ft. (50.37 sq. m)
Lower Ground Floor Storage: 348 sq. ft. (32.32 sq. m)
TOTAL AREA: 690 sq. ft. (82.69 sq. m)
Rear Yard: 180 sq. ft. (16.8 sq. m)
TENURE:
The premises are held by way of long lease for the ground and lower ground floor accommodation for a period of 120 years from March 25, 1986, with approximately 82 years unexpired. The lease is held at a peppercorn ground rent, with tenant being responsible for a fair proportion of maintenance and repair for the fabric of the building and insurance.
TENANCY:
Let's go to Octavia Foundation (). Current rent is £17.500 per annum (exclusive of VAT) and will increase to £20,000 on September 28, 2026. Rent review: 28, 2027. 10 year lease term from 28 September 2022 to 27 September 2032:
EPC: On request
VAT: TBC.
Price: £275,000
