A mixed use investment property comprising a ground floor lock up retail unit of approximately 600sqft, benefiting from a secure roller shutter and a courtyard to the rear, the first floor provides a well presented two bedroom flat comprising lounge, two bedrooms, kitchen and bathroom. Further benefits include separate access and gas central heating.
Situated in a busy rank of shops, on a main route into the City Centre leading onto Gloucester Road.
Understood to be Freehold.
Let on a 5 year effectively Full Repairing and Insuring lease from November 2013 at £6,500 per annum, although we understand a reduction to £6,000 per annum has been accepted by the client.
Let on a conventional Assured Shorthold Tenancy agreement producing £6,960 per annum (£580pcm). We feel this is underlet and offers potential to increase.
Ground floor shop: EPC rating C
First Floor Flat: D
The floor plan is provided for indicative purposes only and is not to be relied upon.
All figures quoted are exclusive of VAT unless otherwise stated.
The rateable value as per the VOA website is £4,100 with effect from 1st April 2017.
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
Strictly by appointment with Maggs & Allen
Maggs & Allen use all reasonable endeavors to supply accurate property information in line with the Consumer Protection from Unfair Trading Regulations 2008. These property details do not constitute any part of the offer or contract and all measurements are approximate.
It should not be assumed that this property has all the necessary Planning, Building Regulation or other consents. Any services, appliances and heating system(s) listed have not been checked or tested. Please note that in some instances the photographs may have been taken using a wide angle lens.
Any site and floor plans provided are for indicative purposes only and should not be relied upon.