Property description
A double fronted shop unit currently trading as a jeweller and watch shop with two self contained flats accessed from the rear.
The building is of brick construction on three floors, bay window to first floor level and having a slated roof.
Ground floor retail unit - 26' 3'' x 12' 6'' (8m x 3.8m)
With suspended ceiling and air conditioning.
Workshop - 16' 9'' x 8' 10'' (5.1m x 2.7m)
Ground floor kitchen area - 11' 2'' x 8' 10'' (3.4m x 2.7m)
First Floor Flat
Private lounge,kitchen, two bedrooms, bathroom with overhead shower and WC.
Second Floor
One bedroom flat with lounge, kitchen bathroom and WC,
Tenancies
The ground floor shop is currently let at £9,040 per annum but the tenants have given notice to vacate. The investment is offered with vacant possession of the shop although there is a possibility of a new tenant taking on the Lease.First floor flat let on an Assured Shorthold Tenancy £5,040 per annumSecond floor flat let on an Assured Shorthold -Tenancy at £4,320 per annumTotal gross rent £18,400 per annum. In all instances the tenants are responsible for business rates and council tax.
Tenure
We understand the tenure to be freehold but this is to be confirmed.
Property Features :
- CLOSE TO CHAPEL STREET
- RETAIL SHOP INVESTMENT
- SHOP AND TWO SELF CONTAINED FLATS
- GROSS RENTAL £18,400