The property is Grade II listed and arranged over three floors comprising large ground and first floor retail space with ancillary storage on the third floor. Separate access to the upper floors which would assist conversion of the upper parts to residential, subject to planning. The property is currently let to Trespass Europe Ltd on a 5 year lease commencing 3rd September 2018, at £40,000 per annum, paid quarterly. The tenant is currently holding over pending an outstanding rent review, to be conducted by the new owner. We understand the tenant wishes to remain, subject to signing a new lease on favourable terms.
• Our Ref: CD-90633
• To be sold by public auction 2/5/24
• On the instructions of the liquidators
• City centre commercial investment
• 4,057 sq ft, source EPC
• currently let at £40,000 pa.
• Development potential to upper floors STP
• FH Price: £350,000 Guide Price
