Property description
A SUBSTANTIAL FREEHOLD RESIDENTIAL AND COMMERCIAL INVESTMENT.
The Shop
The shop is a corner premises with a 7.266m frontage onto Old Mill Road and a return window and frontage onto the side service lane. The shop has a maximum depth of 7.03m reducing to 4.2m. To the rear of the property a kitchen has been fitted out by the tenants and there is a cloakroom which is fitted out for disabled use with W.C, hand wash basin and tiled walls. To the rear of the property accessed from the yard is Store Room approx.. 11m x 10m with power and light used by the tenant of the shop for storage. The shop can be accessed from the side gate leading into the yard already mentioned and from here external steps lead up to the first floor entrance to the maisonette.
The Maisonette
From the outer first floor landing is an entrance door into:Reception Hall A spacious area with built in cupboard below staircase storage alcoves, space for furniture if required and doors to:
Lounge/Dining Room
extending along the front of the building overlooking the street scene in Old Mill Road with Lounge Area 4.4m x 3.257m with fireplace, power points, two radiators and wide archway into the Dining Area 3.447m x 2.6m with radiator and power points.
Kitchen
3.595m x 2.542m with worktops on three sides incorporating 1 ½ tub stainless steel sink unit with four plate hob and slot-in oven under, power points, tiled splash-backs, wall cupboards on three sides and tall storage cupboarding.
First Floor Bedroom One
1.836m x 3.485m with radiator and power points.
Staircase rising to Second Floor Landing
with power points and doors to:
Bathroom
with panelled bath, pedestal hand-wash basin, low level flush W.C and part tiled walls with some timber daydo panelling and radiator.
Walk-in Airing Cupboard (Off Landing)
Bedroom Two
3.58m x 3.8m with radiator, power points and full range of wardrobe cupboards.
Bedroom Three
2.878m increasing to 3.833m x 3.489m with power points and radiator.
Bedroom Four
2.443m x 3.584m with power points and radiator.
The roof space has been part boarded.
OUTSIDE
Small surfaced Courtyard with side gate to road and shared between maisonette and ground floor commercial premises.
SERVICES
Mains electricity, water, drainage and gas. Gas fired central heating.
TENURE
The property is freehold and currently occupied on a commercial lease and an assured short hold tenancy lease in the case of the marionette. The leases are as follows;
THE LEASES
The shop is let on a 15 year tenancy starting in May 2014 at a rent of £9,000 per annum subject to three year rent reviews. The marionette is let on an assured short hold tenancy commencing in February 2015.
RENT
The rents receivable on the above premises are as follows;The shop/restaurant £9,000 per annum. The maisonette £9,600 per annum payable monthly.
RATES
Ratable Value for Shop:Council Tax: Maisonette Band 'B'
ENERGY PERFORMANCE RATING
Marionette - Band 'F'Shop -
Manner of Sale
1. The property is offered subject to the Vendor reserving the right not to accept any bid.2. Reserving the right to disclose all bids to all bidders.On submitting any bid, if that bid is exceeded by a third party, applicants will be given an opportunity to increase their bid and will have disclosed to them the higher bid, which exceeds their own, all bids will be logged on file and all those bidding will be required to provide information as to their status and the manner in which they can proceed with the Purchase. When a Contract is issued, there will be a date by which time that Contract needs to be exchanged, with the Vendor, reserving the right to submit alternative contracts in the event of the deadline for exchange not being met. In this instance contracts would be expected to be exchanged within four weeks of receipt of the contract by the Purchaser's Solicitor.NOTE - See attached form
Property Features :
- A LOCK-UP SHOP
- WITH DOUBLE FRONT AND SIDE/REAR ACCESS
- TOGETHER WITH SPACIOUS 3/4 BEDROOM MAISONETTE ON FIRST & SECOND FLOOR