Commercial Property

An E-class retail shop measuring approximately 674 sq. ft. with self-contained 2-bed flat above.

Location

The premises is situated within an established parade of shops, benefitting from free lay-by parking to the front and along the road which the shop trades from. Other business within the parade include a beauty salon, removal company, various eateries and a convenience store.

Premises

A terraced retail shop with fascia board, glazed frontage and single glazed entrance door leading into the premises which measures approximately 674 sq. ft and is arranged as follows: AREA 1 measuring 15'10 x 7'05 = 119 sq. ft. A doorway at the rear of this area leads into a corridor measuring 16'03 x 3'10 = 63 sq. ft. A door off the right-hand side of the corridor leads into AREA 2 measuring 11'08 x 20'09 = 242 sq. ft. A door at the end of the corridor is AREA 3 which measures 12'07 x 10'11 = 138 sq. ft. and 5'10 x 4'05 = 26 sq. ft. To the rear of this area is a KITCHENETTE measuring 7'01 x 9'01 = 65 sq. ft. and a WC measuring 2'11 x 7'01 = 21 sq. ft. A door at the rear of the property leads outside to a courtyard area which houses a SUMMER HOUSE/OFFICE which is powered and insulated, perfect for office space/store room. Note: there are various stud-walls that could be removed to create a larger, open-plan area if required by an ingoing tenant, subject to landlord's consent.

Self-Contained 2-Bed Flat

Accessed via a door at the front of the premises, leading into a staircase up to a landing with various rooms off including: LIVING ROOM measuring 11'08 x 18'05 = 217 sq. ft. BEDROOM 1 measuring 12'07 x 9'07 = 121 sq. ft.  BEDROOM 2 measuring 10'05 x 12'04 = 129 sq. ft. (currently utilised as an office). BATHROOM measuring 8'00 x 5'05 = 44 sq. ft. KITCHEN measuring 9'07 x 9'06 = 92 sq. ft.   The premises is currently let on an AST at a rental of £900.00pcm

Income

Shop - Let on a Law society Lease at a rental of £12,000 Per Annum. A 5 Year lease from September 2023. Rent Review 25/9/26 Flat - Let on an AST at a rental of £900.00pcm Total yearly income - £22,800 per annum

Business Rates

The premises is subject to a rateable value of £8,300 resulting in zero business rates payable, should small business rate relief apply to an ingoing tenant.

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.