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FREEHOLD RETAIL & RESIDENTIAL INVESTMENT

1,100,000 £
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Total area: 230 m² Yield: 100.0%
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Features
  • 3-floor building

Description

The property comprises a three storey mid terraced property forming part of one of the main retail parades on North End Road.

The ground floor is currently let to Liberty Flights Limited with two one bedroom flats above, both let on AST’s.

The flats have direct access from North End Road. Nearby traders include Argos, Betfred, Sports Direct, Ryman and Shoe Zone.

Terms

The retail unit is let for a term of 5 years from 7th March 2014 at a rent of £ 35,000 per annum. There is a tenant only option to break after 2 years (upon providing 3 months’ notice). The Landlord holds a 3 month rental deposit. There is a rent review on 7th March 2016.

We have been advised that the flats are let on separate AST’s at £ 1,126.66 pcm each (£ 27,040 pa for both flats).

Rates

We have been advised that as of 1 April 2010 the rateable value of the property is £ 27,750.00.

VAT

VAT is not applicable on this property

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 2% annually
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