Sold £125,000
- Retail Property (high street)
- Tenure: Leasehold. The property is held on a 125 year lease from 11th March 1966 (thus approximately 67 years unexpired).
Call the team on 020 7625 9007 for more information
A Commercial Investment Let to Sainsburys Producing £14,000 Per Annum
The property comprises a ground floor retail unit situated within a mid terrace building arranged over ground and two upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 11th March 1966 (thus approximately 67 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of King George V Playing Fields are within easy reach. Transport links are provided by Cottingham rail station.
Accommodation
Ground Floor Retail Area G.I.A. Approximately 1,315 sq ft
Tenancy
The property is subject to a lease for a term of 15 years commencing 2nd March 2015 at a rent of £14,000 per annum. Reviews every five years.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
