**FREEHOLD RETAIL INVESTMENT**
A Ground Floor Shop/Office of approximately 264 sq ft located on Church Road, St George.
The shop is let to a sole trader on a 5 year lease at a passing rent of £400 PCM.
The Freeholder also benefits from ground rents of £50 per annum each from the two flats above, i.e a total gross annual rental income of £4,850pa.
DESCRIPTION -
A well-presented Ground Floor Shop/Office of approximately 264 sq ft (GIA), comprising a shared entrance hall, a shop of approximately 192 sq ft, and internal toilet facilities.
The property would make an ideal SIPP/SSAS investment.
LOCATION -
Located on Church Road, St George, in an established rank of shops. The property is located within close proximity to St George Park.
Free on-street parking is located outside.
TENURE -
The property is to be sold Freehold. The two flats above have been sold on long leasehold interests and retain shared access.
The Freeholder benefits from Ground Rents of £50 per annum from each flat.
LEASE DETAILS -
Let to "Set Square Patterns" on a 5 year term, from July 2020, at a passing rent of £400 PCM. We understand there is a tenant only break clause at the end of year 3.
ENERGY PERFORMANCE CERTIFICATE -
Rating: C
BUSINESS RATES -
The rateable value, effective from April 2017, is £2,450.
We therefore expect any occupiers eligible for small business rates relief to benefit from 100% rates relief at this time.
FLOOR PLAN -
The floor plan is provided for indicative purposes only and should not be relied on.
VAT -
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS -
Strictly by appointment with Maggs & Allen.
CONTROL OF ASBESTOS -
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.
