Freehold Investment. Spacious lock-up shop which is let and producing an income of £21,000 per annum. The flat above is included in the freehold but has been sold off on a long lease.
LOCATION: Prominently positioned in a busy parade amidst a large residential catchment area. DESCRIPTION: A large lock-up shop arranged to suit use of present tenants as follows; Hallway; Reception 17'0 (5.18m) x 11'0 (3.35m); Room 12'8 (3.86m) x 10'9 (3.27m); Room 14'0 (4.26m) x 9'9 (2.97m); Room12'3 (3.73m) x 10'10 (3.30m); L-Shaped Room 18'2 (5.53m) x 13'3 (4.03m) plus 11'4 (3.45m) x 7'8 (2.33m) and double doors to rear; Kitchenette 5'5 (1.65m) x 3'5 (1.04m); Cloakroom 7'1 (2.15m) x 5'0 (1.52m). OUTSIDE: Rear vehicular access. E.P.C. RATING: D. THE OCCUPATIONAL LEASE: Term of 20 years from 15th March 2016 with no break clause. Rent Reviews every 5 years upwards only. Rent for the first 5 years of term to be £21,000 per annum. NOTE: Subsequent reviews to be at market rent with 10% added to reflect the additional rent agreed. NOTE: The Flat above the shop is included in the freehold but has been sold off on a long lease for 125 years from the 25/09/1985 (copy of lease available for inspection). VIEWING: Strictly by appointment with R Whitley & Co.