Comprised of a ground floor shop with the benefit of storage at the rear and on the first floor. The shop affords the following approximate dimensions:
Sales area 560 sq ft
Rear storage 170 sq ft
First floor storage 170 sq ft
TOTAL 900 sq ft
Lease:10 year full repairing and insuring (FRI) lease commencing from Dec 2015 subject to 5 yearly rent reviews.
Rent: £28,000 per annum exclusive
Ground Rent: £1,700 per annum (from 5 flats)
Total Income: £29,700 per annum
VAT: Not applicable
Viewings: Strictly by appointment through agents as above.
We have been instructed to seek offers in excess of £550,000 reflecting a gross yield of 5.4%