Freehold Retail and Residential Investment
Freehold Retail and Residential Investment
The property is situated in a prominent trading position on the main A23, close to its junction with Cheapside, approximately 3/4 mile from the pier and sea front. Other national retailers close by include McDonald’s, Iceland, Aldi, Peacocks and Halifax bank.
Freehold.
The property is situated in a prominent trading position on the main A23, close to its junction with Cheapside, approximately 3/4 mile from the pier and sea front. Other national retailers close by include McDonald’s, Iceland, Aldi, Peacocks and Halifax bank.
Freehold.
The property comprises a ground floor retail unit currently used as a café and basement storage. In addition there is a separate entrance to self-contained residential accommodation on three upper floors. The maisonette comprises four bedrooms, kitchen and bathroom. The property benefits from a fully enclosed garden area to the rear used by the café for additional seating.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit currently used as a café and basement storage. In addition there is a separate entrance to self-contained residential accommodation on three upper floors. The maisonette comprises four bedrooms, kitchen and bathroom. The property benefits from a fully enclosed garden area to the rear used by the café for additional seating.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Retail Ancillary |
59.32 sq m 16.88 sq m |
(182.70 sq ft) (639 sq ft) |
MICHAEL LANGE & LEE KEELER t/a LangeLee’s Café |
10 years from 11/08/2010 (1) |
£20,000 | 11/08/2015 |
| First Second Third |
Living Room, Kitchen, Bathroom Two Bedrooms Two Bedrooms |
40.70 sq m 26.19 sq m 26.19 sq m |
(438 sq ft) (281 sq ft) (281 sq ft) |
INDIVIDUALS | Assured Shorthold Tenancy from 13/12/2012 to 12/12/2013 |
£16,320 | n/a |
| Totals | 196.28 sq m |
(1,821.70 sq ft) |
£36,320 | ||||
(1) The lease provides for a tenant option to determine the lease on 10/08/2015.
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