Comprises a takeaway shop, together with an income producing self-contained flat above. The shop is trading as an Indian Takeaway and benefits from rear access and a yard capable of parking numerous vehicles.
Location
The property is situated in this busy neighborhood parade close to the junction of Arundel Drive. Multiples in the parade include Ladbrokes, Post Office and One Stop Supermarket.
Accommodation
Gross Frontage - 19’2
Internal width - 18’3
Depth - 59’9
Shop and kitchen area - 648 sq ft
Rear storage - 265 sq ft
Total - 913 sq ft approx.
The self-contained flat which is approached from the side, is arranged on 1st & 2nd floors comprising 5 rooms, kitchen, bathroom and WC and is let on an AST for a term expiring in October 2022 producing a low rent of £12,000 per annum.
Terms
LEASE - Held on a full repairing and insuring lease for a term of 15 years from August 2020 subject to a rent review in August 2025 and 5 yearly thereafter.
RENT - £14,000 per annum exclusive, therefore the net rent is only £2,000 per annum exclusive.
PREMIUM - £70,000 for the benefit of the leasehold interest, fixtures, fittings and equipment.
EPC - E.
RATES - Obtained from the www.voa.gov.uk website the rateable value for 2022/2023 is £8,700 and currently will receive 100% relief under the Small Business Rates scheme.
LEGAL COSTS - Each party to be responsible for their own costs incurred.