Shop premises on the ground floor which is let and trading as a franchise known as TaxAssist Accountants on a lease for a term of 10 years from 2nd October 2015 at £15,000 pa. There is a rent review on 2nd October 2020.
The upper part which is self-contained and has a front and rear entrance is arranged over first and second floors and comprises 2 bedrooms, 2 bathrooms, large kitchen/dining room and a separate reception room and roof terrace to the rear. The flat is currently vacant and would lend itself to either letting, sale or conversion to two flats subject to the necessary consents. The flat has gas central heating (not tested) and is double glazed.
Investment for sale with future development potential. Substantial motor repair workshop that is being used for the fitting of tyres and exhausts etc that has been trading for many years. The property is let by way of a 15 year lease at £30,000 pa as per the tenancy details overleaf. There is future development potential, subject to obtaining the necessary consents.
*Please note that we are currently marketing the adjacent premises, details of which can be provided upon request (marked in blue on the plan below).
Freehold commercial and residential investment for sale, comprising a substantial building arranged over ground, part first, part second and third floors. The ground floor is extremely deep and comprises retail sales area plus rear storage, mezzanine staff room area and a two storey section to the far rear of the property fronting Castle Mews which is accessed from Castle Road. In order to appreciate the layout of the shop premises, an inspection is recommended. Please note that the retail area is partly separated from the storage area by way of a staircase which cuts off the shop which leads to the mezzanine staff room. The shop is currently let to Clarks shoes and the lease is expiring in September 2020 and they have given notice that they are vacating.
The upper part is accessed via a door to the right of the shop front and comprises five self-contained flats as follows:
1 x 1 bed and 1 studio at first floor level
1 x 2 bed and 1 studio at second floor level
1 x 2 bed at third floor level
All flats are currently let on Assured Shorthold Tenancies as per the attached schedule.
Two shops which are let to Ladbrokes for a term with 13 years remaining with the next rent review in December 2020 at £19,000 pa. (Please note that we are informed that the adjacent single shop has currently been let at £16,000 pa indicating that there is substantial growth in these two shops upon review). The property does not include the upper part but does include 4 demised parking spaces to the rear of the property.