An End of Terrace Commercial Building Let to WH Smith Producing £40,000 Per Annum

The property comprises an end of terrace commercial building arranged over ground and two upper floors.

Tenure

Freehold

Location

The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Oxfam, Peacocks and Coral. There are multiple green open spaces that are within easy reach. Transport links are provided by the A487 to the south east.

Accommodation

Ground Floor Retail Area G.I.A. Approx. 3,877 sq ft First Floor Offices and Ancillary Space G.I.A. Approx. 1,163 sq ft Second Floor Ancillary Space G.I.A. Approx. 1,115 sq ft Total G.I.A. Approx. 6,155 sq ft

Tenancy

The property is subject to an FRI lease to TG Jones for a term of 7 years and 5 months commencing 11th June 2018 at a rent of £40,000 per annum (Holding Over). Whilst the seller intends to obtain vacant possession prior to completion, this has not yet been achieved and cannot be guaranteed. Interested parties should satisfy themselves, by inspection of the legal documentation and their own enquiries, as to the occupation status of the property and any implications for vacant possession.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.