UNDER OFFER
798.32 sq ft (74.16 sq m)
For Sale £200,000
FOR SALE
RETAIL INVESTMENT OPPORTUNITY
About property
The property comprises a ground floor commercial unit with residential accommodation, in the form of a one bed flat, at first floor. It has rear access and is currently fitted out as a commercial bakery.
The property is held Freehold and subject to the occupational leases. The Ground Floor is let at £7,992 per annum. For 10 years from 9th March 2021. The tenant has breaks in 2024 and 2026. The lease is subject to a rent review in 2026. Estimated increase £10,000 per annum.
The flat is let at £6,000 per annum. (Estimated Market Rental £7,200 Per annum)
Total Current Income £13,992 Per annum
(Total Estimated market Rental £17,200 per annum)
FOR SALE
RETAIL INVESTMENT OPPORTUNITY