The subject property is a mid terraced two-storey property comprising of an extended ground floor fast food/takeaway with roller shutter access to the front, internally providing open plan sales area with food preparation, stores and WCs to the rear.
The existing ground floor A5/takeaway tenant is unaffected by the sale and currently pays £750 per month, i.e. £9,000 per annum by way of a six year lease from 1 April 2019.
The first floor, which is accessed to the rear, is effectively offered to a shell but benefits from the prerequisite consents for its conversion into a one bedroom residential property with the rear access already formed. Alternatively, the first floor could provide office accommodation subject to any necessary consents.
The property is to be sold with the benefit of the commercial tenant in situ, who we understand occupy by way of a six year lease from 1 April 2019 at a rental of £9,000 per annum. A copy of the commercial lease for the A5 takeaway tenant is available on request.
- Part Let Mixed Use Investment Property Comprising Ground & First Floor
- Extended Ground Floor A5 Takeaway Paying £750 PCM (£9,000 Per Annum)
- First Floor Separately Accessed To The Rear & Offered to a Shell Finish - Post Completion of The Works Could Provide a 1 Bedroom Self-Contained Flat or Office Accommodation, Subject To Any Necessary Consents
- No VAT On Purchase Price
- Existing Takeaway Tenant Unaffected By The Sale