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PREMIUM REQUIRED FOR THE NEW LEASE £5,000, subject to contract.
Alternatively the vendor is prepared to sell the freehold property to include the shop premises with accommodation over. PRICE REQUIRED FOR THE FREEHOLD PROPERTY £340,000, subject to contract.
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Features
Outstanding opportunity to acquire a shop premises in our opinion offering tremendous potential for a number of retail trades.
Situated in a parade, DOUBLE FRONTED SALES SHOP, approx. 550 sq. ft. with wooden floor, fluorescent lighting.
Storeroom
Bathroom with bath, w.c. and wash hand basin
Accommodation
The accommodation in the form of a SELF CONTAINED FLAT over, recently refurbished, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, is at present let on a shorthold tenancy and provides a rental income of £9,600 p.a. The accommodation comprises:
2 Bedrooms (1 double 1 single)
Bathroom with bath, wash hand basin (new suite)
Separate w.c.
Lounge
Kitchen
Outside
Garden. Garage
Tenure
The vendor owns the freehold and in respect of the shop premises, subject to satisfactory references, is prepared to grant a new 10/15 years full repairing and insuring lease at a rental of £10,500 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.
