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The Cut |
£2,295,000 |
SOLD
A freehold investment property comprising of a 5 storey terraced building divided into a ground and basement retail unit, and 3 seperate residential flats on the 1st, 2nd and 3rd floors collectively yielding £122,380 rent per annum.
Commercial: Retail shop
Ground Floor: 1058 sq ft (98.3 sq m) Open plan with food counter and kitchen to the rear & customer seating.
Basement Floor: 484 sq ft (44.97 sq m) Presently used as storage, refrigeration and washing up area. Seperate Managers office.
Presently tenanted by Gails Bakeries
Tenure: Leasehold. 15 Years from 3rd January 2020 to the 2nd January 2035, with a break date 2nd January 2030.
Rent: Presently £47,500 per annum with a review on the 2nd January 2025
Residential Units:
Flat A: 1st floor 2 double bedroom flat (bathroom with seperate shower unit), with spacious reception room, kitchen/dining room, leading to large south facing roof terrace.
Rent: £28,080 per annum on an AST agreeement. (£29,900 potential rent).
Flat B: 2 floor 1 bedroom flat (presently 2 double bedrooms), with kitchen/dining room, bathroom.
Rent : £23,400 per annum on an AST agreement. (£24,000 potential rent).
Flat C: 3rd floor 1 bedroom flat, bathroom, large entrance hall with double doors leading to reception room having an open plan staircase leading to open plan bedroom.
Rent: £23,400 per annum on an AST agreement. (£25,000 potential rent).
Floor plans and more pictures available upon request. Apply to:
Olav Colman
Edwards Estate Agents (Investments)
o) 020-7928-7073
info@edwardsagents.com
Total rent: £122,380 per annum
| Sole Agent | |
| Contract Type: | Freehold |
| Price: | £2,295,000 (Subject to Contract) |