Fully let mixed-use investment comprising a ground-floor retail unit and four residential flats across the upper floors. The retail accommodation includes a storage area with side loading access, office, chiller room and staff W.C. The residential element comprises three one-bedroom flats and one two-bedroom flat. The property currently produces a combined passing rent of £38,460 per annum.
- Asking Price:
- £445,000
- Turnover:
- Undisclosed
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Freehold
- Lease Terms:
-
The ground-floor retail unit is let at £18,000 per annum. A new 10-year lease has been agreed on standard FRI terms, with a rent review and tenant break on the fifth anniversary, and was due to complete imminently at the time of listing. The four residential flats are let at a combined rental income of £1,705 per month. The property is fully let and produces a total passing rent of £38,460 per annum.
- Leasehold Rent:
-
£38,460 per annum per annum
- Premises Details:
-
End-terraced property comprising a ground-floor retail unit with storage, side loading access, office, chiller room and staff W.C. The upper floors contain four residential flats comprising three one-bedroom flats and one two-bedroom flat. The property is fully let.
- Size in square feet:
- 3,495 sqft
