Tenanted Retail/Cafe Investment - Currently Producing £24,000pa
Substantial mid-terrace forecourt fronted retail property, currently trading as a cafe and let by way of a ten year lease from July 2019 to a private individual at a rental of £24,000 pa. The lease incorporates a rent review after five years (copy of lease included in legal pack). Internally the property provides the following net internal floor areas (as provided by VOA) Ground Floor Cafe and Kitchen 936 sq ft (87 sq m) First Floor Cafe/Retail and Ancillary Area 764 sq ft (71 sq m) Second Floor Staff Room 209 sq ft (19.4 sq m) The property is prominently situated in the centre of Cleveleys on the southerly side of Victoria Road West, the principle retail area in Cleveleys with national retailers such as Card Factory, W H Smith and Argos all situated in the immediate vicinity.
See Legal Pack
Energy Efficiency Rating (EPC)
Current Rating D
Wyre Borough Council
Buyer's Premium - £900 inc VAT payable on exchange of contracts.
Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.