Ground floor spacious SALES SHOP currently trading as a well established News, Confectionery, Business, let on a full repairing and insuring lease for a period of 15 years from October, 2001, current rental income £13,000 p.a. exclusive of rates up to October, 2009, with rent review at that time and thereafter every 3 year, however, we understand the last rent review is for the final 4 year period.
Staff toilet and wash hand basin
Accommodation
The 4 Flats having recently been newly built and refurbished at considerable expense, we understand completed in March, 2007. All with Gas Fired Central Heating.
Flat No. 1 Ground Floor, own entrance to Self Contained Maisonette, comprising:
Gound Floor
Fully fitted kitchen with ceramic tiled floor
Small utility room
Bathroom with ceramic tiled floor, with bath, w.c. and wash hand basin
Lounge
Second Floor
1 Double Bedroom with en suite shower room with shower, w.c. and wash hand basin
1 Additional Double Bedroom
This flat is currently let on a shorthold tenancy and provides a rental income of £1,250 per month
Flat No. 2 Separate ground floor entrance to second flat all in excellent condition, comprising:
2 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Lounge
Fitted Kitchen
This flat is let on a shorthold tenancy and provides a rental income of £880 per month.
Flat No. 3 also situated on the first floor comprises:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen
This Flat is let and provides a rental income of £660 per month
Stairs to 4th Flat all in excellent condition and with full gas fired central heating, comprises:
1 Double Bedroom
Bathroom with bath, w.c. and wash hand basin
Lounge
Fitted Kitchen
This flat is currently vacant, however, we are advised could be let on a shorthold tenancy to provide a rental income of approx. £650 per month.
As will be appreciated the current rental income from the 3 flats, which are at present let on shorthold tenancies, is currently £33,480 p.a. and with the rental income from the shop premises the total income at the present time is £46,480. In the event of the top floor flat being let on a shorthold tenancy at £650 per month, an additional rental income of £7,800 p.a. would be received providing a total rental income at the present time of £54,280 p.a.
Tenure
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
Price
OFFERS INVITED TO INCLUDE THE VALUABLE FREEHOLD PROPERTY in the region of £890,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
