*Guide | £50,000 - £80,000 (plus fees)
- Retail Property (high street)
- Tenure: Leasehold. The property will be held on a new 999 year lease from completion at a peppercorn ground rent.
Call the team on 020 7625 9007 for more information
A Ground Floor Retail Unit Let to Farplace Animal Rescue Producing £11,880 Per Annum (Reflecting a Gross Initial Yield of 23.8%).
A ground floor retail unit situated in a mid terrace building arranged over ground and first floors.
Tenure
Leasehold. The property will be held on a new 999 year lease from completion at a peppercorn ground rent.
Location
The property is situated on a mixed use road close to local shops and amenities. The open spaces of Redcar Beach are within easy reach. Transport links are provided by Redcar Central rail station.
Accommodation
Ground Floor Retail Unit Office Space Kitchenette WC G.I.A. Approximately 180 sq m
Tenancy
The property is let to Farplace Animal Rescue Limited on an FRI lease for a term of 10 years commencing 20th August 2019 at a rent of £11,880 per annum.
VAT
VAT is applicable (TOGC available)
Energy Efficiency Rating (EPC)
Current Rating C
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.
