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INVESTMENT HIGHLIGHTS
- A pair of self-contained L-shaped retail units
- On-street car parking available along the High Street
- The property is situated towards the top /east end of the High Street
- Long-term Development Potential – STPP
EXECUTIVE SUMMARY
Investment For Sale - £225,000.
A multi-let investment opportunity producing an annual income of £15,000. Freehold available, subject to and with the benefit of two occupational leases as detailed below:
Tenancy Information
No. 68A is let to a private individual on full repairing and insuring equivalent terms, paying a rent of £7,500 per annum, exclusive.
No. 68 is let to two private individuals by way of lease dated 25 February 2021. 9-year full repairing and insuring equivalent lease from February 2021, commencing rent of £7,500 per annum, excl. A1 user clause. Reviews in September 2021, 2024 and 2027. Inside the Act. Tenant has been in occupation for approx. 30 years. Leases available at the discretion of the vendor and following a viewing.
A pair of self-contained L-shaped retail units with regular shaped sales areas to front and ancillary space to rear. No. 68A (Left-hand Unit) has been refurbished in recent years and presents well as a barber shop with kitchen and WC area to rear, patio doors leading out to a small external seating area. No. 68 (Right-hand Unit) is run as an independent pet supplies with a small step up into the sales area, a further step up mid-way through the sale area and storage area to rear. The rear courtyard is used to house a timber garden shed providing further storage.
A multi-let investment opportunity producing an annual income of £15,000. Freehold available, subject to and with the benefit of two occupational leases as detailed below:
Tenancy Information
No. 68A is let to a private individual on full repairing and insuring equivalent terms, paying a rent of £7,500 per annum, exclusive.
No. 68 is let to two private individuals by way of lease dated 25 February 2021. 9-year full repairing and insuring equivalent lease from February 2021, commencing rent of £7,500 per annum, excl. A1 user clause. Reviews in September 2021, 2024 and 2027. Inside the Act. Tenant has been in occupation for approx. 30 years. Leases available at the discretion of the vendor and following a viewing.
A pair of self-contained L-shaped retail units with regular shaped sales areas to front and ancillary space to rear. No. 68A (Left-hand Unit) has been refurbished in recent years and presents well as a barber shop with kitchen and WC area to rear, patio doors leading out to a small external seating area. No. 68 (Right-hand Unit) is run as an independent pet supplies with a small step up into the sales area, a further step up mid-way through the sale area and storage area to rear. The rear courtyard is used to house a timber garden shed providing further storage.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
932 SF
Building Class
C
Year Built
1960
Price
$300,304
Price Per SF
$322.21
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.12 AC
Frontage
26’ on High Street
1 1
NEARBY MAJOR RETAILERS
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68-68a High St
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