for sale

2

Property Features

Property Details

To the ground level there are 4 X SHOPS, 2 of which belong to a CHINESE TAKE AWAY under a FULLY REPAIRING AND INSURING LEASE, INSIDE THE LANDLORD AND TENANT ACT which expires on the 30th SEPTEMBER 2023; one unit is used as a LAUNDRETTE and is on a SHORT TERM LEASE, which expires on 30th SEPTEMBER 2022; the last unit to the ground floor is utilised as a DOG GROOMERS, currently under a FULLY REPAIRING and INSURING, SHORT TERM LEASE OUTSIDE THE LANDLORD AND TENANT ACT, which expires on the 31st DECEMBER 2022. To the first Level there are 2X LARGE 2 BEDROOM FLATS; one of which is occupied under the COMMERCIAL LEASE of the CHINESE TAKE WAY and the other is on a RESIDENTIAL AST (ASSURED SHORTHOLD TENANCY AGREEMENT), which expires on the 31st MAY 2022 (copies of all agreements are kept in the office for inspection upon application). Collectively the rents for the parade are currently GBP 41,800 PA. There is a large area for COMMUNAL PARKING TO THE SIDE and REAR of the parade and POTENTIAL SCOPE FOR FUTURE DEVELOPMENT, making this an IDEAL INVESTMENT PURCHASE. Please note this property was sold prior to going on the market.