Comprises a ground floor shop and rear extension, currently trading as an Interior Designers together with a 2 bed flat on the first floor, approached from the rear.
Location
The premises are situated in a bustling part of Ballards Lane close to the junction with The Ridgeway. Nearby multiples include William Hill and Explore Learning.
Accommodation
The shop affords the following approximate dimensions:
Frontage - 15’9
Internal width - 18’1 narrowing to 13’1 at rear
Depth - 60’ 9
Ground floor area - 870 sq ft approx
Terms
TENURE - Freehold for sale subject to the tenancies and incomes as above and vacant possession of the office.
PRICE - Offers in the region of £950,000.
EPC - Shop: TBA; Flat: TBA
LEGAL COSTS - Each party to be responsible for their own costs incurred
TENANCIES & INCOMES
The shop is let to Zana Kader t/a Formefeitos (UK) Ltd on an FRI lease for a term of 25 years from February 2009 subject to a rent review in February 2029 and 5 yearly thereafter.
Current income £23,000 per annum exclusive.
The first floor flat, is let on an AST producing £18,000 per annum.
Total income: £41,500 per annum.