*Guide | £175,000+ (plus fees)
- Retail Property (high street)
- Tenure: Freehold
Call the team on 020 7625 9007 for more information
A Ground Floor Double Fronted Retail Unit and First Floor Office Space Let to Farplace Animal Rescue Producing £25,000 Per Annum (Reflecting a Gross Initial Yield of 14.3%).
The property comprises a mid terrace building arranged to provide a ground floor retail unit and first floor office space.
Tenure
Freehold
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Glenholme Skate Park are within easy reach. Transport links are provided by the A689.
Accommodation
Ground Floor Retail Unit Storage Space Office Space WC G.I.A. Approximately 150 sq m First Floor Office Space Storage Space WC G.I.A. Approximately 188 sq m
Tenancy
The property is let to Farplace Animal Rescue Limited on an FRI lease for a term of 7 years commencing 1st May 2025 at a rent of £25,000 per annum. Upwards only rent review May 2028 and mutual break clause May 2030. The tenant has an option to purchase the property for the higher of £225,000 or market value after 1st May 2030 until lease expiry.
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.
