**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.
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.
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.
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 -
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.
All figures quoted are exclusive of VAT unless otherwise stated.
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.