36 West Street, Marlow, SL7 2NB

The building is an attractive Grade II Listed mid-terraced property set over four stories occupied by three tenants. The accommodation comprises storage in the basement and an estate agents office on the ground floor. There is self contained access to the first and second floors where an office and a one bed flat are located respectively. To the rear there is a parking area for six vehicles which is accessed via Town Lane.



INVESTMENT SUMMARY



The property is currently fully occupied, the ground floor and basement retail accommodation is let to Savills (UK) Ltd at a rent of £42,000 per annum from 7th April 2017 for a term of 10 years. In addition, Savills also pay £1,764 per annum for an additional car parking space.



The first floor of the property is let to David Abbott and Partners Ltd at a rent of £9,250 per annum from 1st December 2020 for a term of 10 years with breaks in years three, six and seven operable with six months prior written notice. Both leases are outside the Landlord and Tenant 1954 Act.



The second floor provides a flat which is currently held on a 100 year lease from April 2005 at a nominal ground rent of £100 per annum and is let out via an AST agreement at a rent of £11,940 per annum. The flat is included in the sale.


( Agency Pilot Software ref: 1163 )