6 Longsands Parade 939 SF Retail Building St Neots PE19 1SU $334,605 ($356.34/SF)

The property comprises a long leasehold retail unit with residential flat above and is located within a neighbourhood shopping complex; Longsands Parade which fronts Longsands Road which connects to Cambridge Street providing direct access to St Neots High Street. Adjacent occupiers include NISA Local and food operators. The end of terrace shop is currently trading as a hairdresser and provides reception, salon area, rear storage and a staff room.
Facilities include electric heating, fluorescent lighting, kitchenette and WC's.
Customer parking is available to the front of the property. Access to the rear is via an adjacent driveway which provides access to staff parking.

The property is held on a long leasehold for a term of 2000 years from 25th December 1986. The flat is sold on a long leasehold basis for a term of 125 years paying an annual ground rent of £200 per annum.
LEASE & RENTAL TERMS
The property is let to a hairdresser on a full repairing and insuring basis on a 15 year lease which commenced on 14th September 2012. The passing rent is £20,000 per annum exclusive.
A new 15 year lease has been proposed at a commencing rent of £20,000 per annum; increasing to £21,000 per annum for years 4 and 5.