It is a shop with an apartment for sale.
Description
The total area of the three-story building is 222 m², of which:
- 131 m² — retail unit on the ground floor;
- 91 m² — duplex apartment, which occupies the first and the floors.
The property is of traditional construction with full height glazed frontage at ground floor level and red brick elevations over first and second floors beneath a pitched roof. The residential apartment is accessed via a separate entrance at the rear of the property.
Tenure: Freehold.
The property is fully leased out to a single tenant.
Absolute income is 57,000 £.
The current yield of 6,8%.
Purchaser's costs of 5,54%.
Tenant is optics store.
The lease agreement is signed for 15 years until 2028, non-terminable by the tenant for 12 years.
The property is situated on a shopping street, which is one of the foremost shopping destinations in the borough.
Numerous shops, restaurants and bus stops are in the immediate vicinity.
