Retail Investment Opportunity in Burton upon Trent

176

Station Street Burton upon Trent Staffordshire DE14 1BN

Investment Property For Sale: £165,000
Total Floor Area: 218 sq.m/2,346 sq.ft
Net Investment Income: £16,500 per annum




Last updated: 20 Aug 2024 Ref: 176ML

Property Description

The Premises The subject premises comprise a two storey property of traditional brick construction. Internally, the accommodation is arranged to provide a ground floor lock sales shop together with rear kitchenette, staff room, WC and separate hand wash area. The first floor is arranged to provide an open plan salon area together a with kitchen and WC and a rear corridor provides access to a laundry room and three treatment/store rooms. There is a tarmac surfaced yard area to the rear of the property over which the adjoining property has a right of way. Accommodation The premises have been measured on a Net Internal Area (NIA) basis in accordance with the RICS Code of Measuring Practice 6th Edition. Ground Floor: Sales Area 1,158 sq ft (83 sq m) Ancillary 100 sq ft ( 9 sq m) First Floor: Salon/Sales Area 740 sq ft (69 sq m) Kitchenette 15 sq ft (1.4 sq m) Treatment Rooms/Ancillary 337 sq ft (31 sq m) TOTAL NIA 2,350 SQ FT (218 SQ M) Measurements and floor areas are provided for guidance only and should not be relied upon by interested parties. Lease Terms The whole of the premises are occupied by way of a lease for a term of 6 years from July 2022 at an annual rental at the rate of £16,500 exclusive. The Tenant has sub-let first floor.

Measurements

  • Net Internal Floor Area
176 Station Street Burton upon Trent - Guys
Measurementimperialmetric
Ground Floor1,259 sq.ft117 sq.m
First Floor1,087 sq.ft101 sq.m
Total Floor Area2,347 sq.ft218 sq.m


Agent's Disclaimer

Messrs. Raybould & Sons, for themselves and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars do not constitute any part of, an offer or a Contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Raybould & Sons, or the Vendor. 3. None of the statements contained in these particulars are to be relied on as statements or representations of fact. 3. Any intending Purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither Messrs. Raybould & Sons, nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. 6. Dimension, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 7. Information on tenure or vacancies is provided in good faith and prospective purchasers should have the information verified by their solicitors prior to purchase. 8. Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate authorities. Messrs. Raybould & Sons do not warrant that there are no connection charges inherent in the availability of services to the unit.


Sale Terms

Offers are sought in excess of £165,000 subject to contract and exclusive of VAT. This equates to a capital value of £70 per sq ft.


Tenant, lease and rent summary

Station Street Burton upon Trent DE14 1BN
Retail UnitTenantRental IncomeLease Dates
176 Guys £16,500 12.04.2022 -start
12.04.2028 -expiry
12.04.2025 -break
Total Rent £16,500


Covenant Information:

Guys

Guys & Dolls plus Guarantor

Agent's Disclaimer

Messrs. Raybould & Sons, for themselves and for the Vendors of this property whose Agents they are, give notice that: 1. These particulars do not constitute any part of, an offer or a Contract. 2. All statements contained in these particulars as to this property are made without responsibility on the part of Messrs. Raybould & Sons, or the Vendor. 3. None of the statements contained in these particulars are to be relied on as statements or representations of fact. 3. Any intending Purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. 5. The Vendor does not make or give, and neither Messrs. Raybould & Sons, nor any person in their employment has any authority to make or give, any representation or warranty whatever in relation to this property. 6. Dimension, distances and floor areas are approximate and given for guidance purposes only. Potential purchasers should satisfy themselves as to the validity of the guide figures given. 7. Information on tenure or vacancies is provided in good faith and prospective purchasers should have the information verified by their solicitors prior to purchase. 8. Information on rating assessments, availability of services and Town and Country planning matters have been obtained by an oral enquiry to the appropriate authorities. Messrs. Raybould & Sons do not warrant that there are no connection charges inherent in the availability of services to the unit.


There are no plans available to view for this property. Contact the agent for further information

Property Location

Burton on Trent is a large town, approximately 15 miles south west of Derby, having a population in the region of 72,000 situated within the Borough of East Staffordshire, adjacent to the A38 dual carriageway. The premises are located on Station Street adjacent The Dial Restaurant and amidst a host of local, independent retailers. The Coopers Square Shopping Centre car park is opposite as well as the Burton Place retail scheme.

Map



RaybouldAndSons
Agents Contact Details

Name: Martin Langsdale
Company: Raybould & Sons
Address: Stephensons House Wyvern Business Park Derby Derbyshire DE21 6LY
Email:
Email the agent
Direct Dial: (01332) 295555
Mobile: 07855 550538





Download pdf brochure Brochure for:  Station Street  Burton upon Trent Staffordshire  DE14 1BN. Investment Property For Sale: £165,000. Total Floor Area: 218 sq.m/2,346 sq.ft. Net Investment Income: £16,500