Substantial investment comprising a large ground floor retail unit to be offered with vacant possession on completion, plus four upper flats let on AST agreements.
The retail unit has previously been occupied by a quality Kitchen showroom and would suit various uses under the E use class.
There is a rear access also from South Road.
The upper two floors are arranged as four self contained one bedroom flats which are let on AST agreements- not inspected by us. Producing the following rents;
Flat 1 - £950.00 pcm
Flat 2 - £1,100.00 pcm
Flat 3 - £1,100.00 pcm
Flat 4 - £950.00 pcm
Location
The property occupies a prime trading location in favoured Queens Rd, close to Tesco Express and Savills. The street comprises a good mix of established retailers, salons, cafes and restaurants. There is street parking outside and a public car park close by.
Accommodation
It provides a total retail and ancillary floor area of circa 4,700 sq ft, including a small amount of mezzanine storage.
Terms
Tenure: Freehold
Price/premium: Freehold Guide Price £1,850,000
Legal fees: Each party to bear their own
Rateable value: The VOA website states a RV of £43,750 (shop), payable at the prevailing rate.
Our Clients will also consider a letting of the shop on a new FRI lease at a guide commencing rent of £65,000 p.a.
Specification
- Excellent trading location
- For sale or to let
- Mixed use investment
- Parking close by
- Part- vacant possession
- Viewings by appointment only