A period double fronted retail/office premises with first and second floor accommodation, part of which is used for commercial purposes together with three flats. The ground floor was formerly arranged as two self-contained shops and retains two entrance doors to either side of the sales area, although has more recently been merged into one unit, subdivided into smaller rooms by means of stud partitioning. The three flats are accessed from the rear and side and are all self-contained and separately metered. Part of the first floor has been used for commercial purposes and is accessed via an internal staircase from the sales area however, this area could very easily be separated from the ground floor, independently accessed via the rear and would provide another one-bedroom flat.
Location
An end of terrace property in the town centre having an extensive frontage to the High Street at its junction with Croft Road. There are a number of both national and local retailers within close proximately to include Lloyds Bank and Bargain Booze Plus and public car parking is within 100 yards.
Accommodation
Ground Floor
Sales area: 716 sq ft
Kitchen: 161 sq ft
Store: 21 sq ft
Office: 46 sq ft
2 x W.C.s --
Total NIA: 944 sq ft
First floor salon (formerly Flat 2)
5 x rooms plus WC: 458 sq ft
Flat 1 (first floor)
Entrance hall --
Living room: 11’7” x 11’8”
Kitchen: 10’9” x 5’9”
Bedroom 1: 11’8” x 7’2”
Bedroom 2: 11’7” x 7’1”
Shower room: --
Flat 3 (second floor)
Entrance Hall: –
Bed/Living Room: 14’11’’ x 10’’
Kitchen: 7’9’’ x 6’3’’
Shower Room: --
Flat 4 (Second Floor)
Entrance Hall --
Living room: 16’4’’ x 10’’
Kitchen: 7’11’’ x 7’3’’
Bedroom: 11’’ x 8’4’’
Shower Room: --
Terms
SERVICES - All mains’ services are available and each flat is separately metered. No services have been tested by the agents.
VAT - The rent/sale price is not subject to VAT.
TENANCY/INCOME INFORMATION:
Flat 1: VACANT
Flat 2: VACANT
Flat 3: Let on a Shorthold Tenancy Agreement from 19th March 2021 @ £XXX pcm
Flat 4: Let on a Shorthold Tenancy Agreement from 2nd July 2014 @ £XXX pcm
EPCS:
4-6 High Street: 101 (Band E)
Flat 1: Band E
Flat 3: Band D
Flat 4: Band E
TENURE - Available freehold and with the benefit of the residential tenancies in place and with vacant possession of the commercial parts.
PRICE - £XXX
BUSINESS RATES/COUNCIL TAX:
4-6 High Street
Rateable Value: £XXX
Rates Payable: £XXX pa (21/22)
Note: if you qualify for Small Business Rates Relief you should be entitled to a 100% rate exemption.
Council Tax
Flats 1, 3 and 4 each have a ‘Band A’ Council Tax assessment. Individual tenants are responsible for paying their own council tax.
CONVERSION/ALTERNATIVE USES - As a former banking hall, the property will have an E(c)(i) ‘provision of financial services’ Use Class Order, which makes it suitable for a range of retail, office and leisure uses that fall within the same ‘E’ Classification. Other uses may also be permitted, subject to planning where applicable. The property is located outside the Conservation Area, which makes external adjustments more permissible. There are skylights incorporated into the external roof surface that would flood the first floor with natural light if a residential conversion was undertaken.
ANTI MONEY LAUNDERING REGULATIONS - In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.
Specification
- Fully refurbished town centre retail/office premises with 2 income producing flats above
- Easy potential to create a 4th flat at first floor
- Ground floor NIA: 944 sq ft which could be split into two units
- Versatile owner-occupier and/or investment property