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Retail premises for sale
2,003 sq. ft*
Residential Unit The maisonette is accessed from a front door shared with the shop. Internal stairs lead to the first floor. There is also a rear external staircase to a roof terrace and further entrance door. Once inside, the property is arranged over two floors. As you enter there is an entrance hall which leads to a large modern kitchen. The entrance hall also leads to a cloak room and a large living/dining room which has double aspect windows. On the second floor are two large double bedrooms. Both bedrooms benefit from substantial sized windows. There is also a large family bathroom. Commercial Unit The commercial element takes up the ground floor which is accessed from a shared entrance door and internal lobby. As you enter there is a large shop window which looks out onto the busy main road directly opposite a One Stop convenience store. To the rear of the unit is a treatment room as well as a cloakroom fitted with basin and toilet. There is also a door leading to rear access. The site includes the side access road and four car parking spaces which have been let to neighbours. Income The shop is let to a private individual trading as a beautician on a 20-year lease from 2nd June 2003 at a rent of £6,500per annum. The tenant has expressed interest in taking a new 10-year lease. The car parking spaces are let on a licence at £100 per month to the neighbouring garage. The maisonette is let on an AST at a rent of £783.34 per calendar month but is considered to be worth £1,000 per month/£12,000 per annum. The current total rental income is £17,100 per annum with the potential to increase to £19,240 per annum subject to the negotiation of new leases.
For more information about this property, please contact Medhursts Commercial Surveyors, PO19 on +44 1243 468697 * (local rate)
Contact Medhursts Commercial Surveyors about this property
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