An excellent long term investment comprising a self contained Freehold commercial unit ( 595 Sq Ft ) occupying a central position in an established rank of retail units with flats above. The unit is set back from the road with unrestricted parking immediately in front and occupies an excellent trading position with high levels of footfall. Covered entrance and trading area leads to the main shop floor with ancillary rooms, kitchen and bathroom to the rear. Outside at the rear of the property is an enclosed yard with vehicular access and potential for additional parking in front of this access point. We understand the Shop tenant and Maisonette Owner pay 50/50 towards building insurance.
The unit is let to an independent business established in 2008 and trading as Ladies That Launder. The lease is £250 pw / £1,000 pcm / £12,000 pa and is for 10 years expiring 21st Oct 2018. The property is Freehold and benefits from an income of £50 pa from the leasehold of the flat above. We understand that there will be scope to increase the rental income once the current lease expires - there have been a number of rents achieved locally at considerably higher levels and would estimate the rent to closer to £1300pcm / £15,600 pa
VIEWINGS BY APPOINTMENT
The tenants have requested all viewings are accompanied by Hollis Morgan.
Please contact us to arrange access by appointment.