Property Description
The subject property features a retail unit on the ground floor currently leased to a launderette user for a term of 15 years from Jan 2019. Every 5th anniversary rent reviews are linked to greater of RPI & OMRR. The most recent rent review increased the rent to £16,800 per annum. There is also a vacant 2-bedroom flat on the upper floor, which also includes a bathroom and lounge/kitchen. Accessed separately from the retail unit. There is a generous garden to the rear of the property. Awaiting EPC.
Specification and floor areas
- Net Internal Floor Area
Measurement | imperial | metric |
---|---|---|
Ground Floor | 1,172 sq.ft | 109 sq.m |
Total Floor Area | 1,172 sq.ft | 109 sq.m |
Financials
For sale: (subject to contract)
- Price £485,000 equating to £414 psf