Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is situated on the southern side of Susans Road (A259), just off the busy Seaside Road and within a short walk of the retailing pitch of Terminus Road and the popular Arndale Shopping Centre. Nearby occupiers include T J Hughes Department Store and a number of independent retailers.
Freehold.
The property is situated on the southern side of Susans Road (A259), just off the busy Seaside Road and within a short walk of the retailing pitch of Terminus Road and the popular Arndale Shopping Centre. Nearby occupiers include T J Hughes Department Store and a number of independent retailers.
Freehold.
The property comprises two ground floor retail units with four residential flats.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two ground floor retail units with four residential flats.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit No. | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|---|
| 2 | Ground | Retail | 52.30 sq m |
(563 sq ft) |
INDIVIDUAL t/a Pizza Hot 4 U | 15 years from 18/11/2004 | £6,500 | (17/11/2019) |
| 4 | Ground | Retail | 47.47 sq m |
(511 sq ft) |
INDIVIDUAL t/a Keyif Takeaway | 5 years from 01/03/2013 | £5,500 | 01/03/2016 (1) (28/02/2018) |
| 2 - Flat 1 | Residential | INDIVIDUAL | 99 years from 25/12/1985 | £50 | 24/12/2084 | |||
| 2 - Flat 2 | Residential | INDIVIDUAL | 99 years from 25/12/1985 | £50 | 24/12/2084 | |||
| 4 - Flat 1 | Residential | INDIVIDUAL | 99 years from 25/12/1985 | £50 | 24/12/2084 | |||
| 4 - Flat 2 | Residential | INDIVIDUALS | 99 years from 25/12/1985 | £50 | 24/12/2084 | |||
| Total Approximate Commercial Areas | 99.77 sq m |
(1,074 sq ft) |
£12,200 | |||||
N.B. The seller has served notices on the residential lessees under Section 5B of the Landlord and Tenant Act 1987.
(1) The 2016 rent review is outstanding.
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