Property description

Tenure: Leasehold

!!!!! Investment opportunity!!!! Lease holds shop currently running as a pound shop with a A1 license. With a Three bedrooms Maisonette above it. Based in a prime High Street location available as an investment property. Property is based in parade of shops on a main high street. The shop premises are on a full FRI lease with 3 years lease remaining. The rent review is every five years. Rent received is £18,000 pa exclusive, Business rates at £5,500 pa. .The premium the client is looking for is £65,000, for the Leasehold shop and 3 Bed Maisonette above. Maisonette Flat above is let out on AST with rental income of £16,800 pa.

Total Floor area: 1392 Sq ft
Prime Floor area: 1124 Sq ft
Commencing Rent: £18,000 pa (exclusive)
Rent review: 5 yearly
Business Rates £5,500