COMMERCIAL INVESTMENT, FLAT INVESTMENT, RESIDENTIAL INVESTMENT
Sold After Auction
Mixed Commercial and Residential investment producing £32,060 pa.
Ground floor - 106.54 sqm (1,146 sq ft)
First floor - 46.34sqm (499 sq ft)
Second Floor 35.78 sqm (385 sq ft)
The ground floor is let to Papa John's (GB) Ltd for 15 years from the 10th September 2013 on FRI terms at a rental of £20,000 pa. It should be noted that a 3 month rent free period has been agreed for the June quarter date but the tenant's right to a break clause has been waived.
The residential accommodation is let by way of an Assured Shorthold Tenancy at £12,060pa .
The property is listed as 'Restaurant & premises' in the current rating list and has a Rateable Value of £19,250
Lambert Smith Hampton
Viewing by appointment with Lambert Smith Hampton. - Max Williamson 07740 442565 MWilliamson@lsh.co.uk
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Speed and certainty at a competitive price!