This fantastic opportunity to purchase this freehold building comprising of a Ground Floor Shop currently let for 10 years from 8 April 2021 on the equivalent of full repairing and insuring terms at £55,000 pa. There is a tenant only break clause (exercisable on 6 months’ written notice) and an upward only rent review at the end of the fifth year which has not yet been implemented.
The Upper Parts are let on ASTs as follows:
102A (First Floor) with a current rental of £1,283 pcm, being £15,396 pa
102B (Second Floor) with a current rent at £1,000 pcm being £12,000 pa,
102C (Third & Fourth Floors) with a current rent of £1,350 pcm being £16,200 Current
