A Substantial Tenanted Former Co-op Producing £12,000pa/£1,000pcm
A Substantial Tenanted Former Co-op Producing £12,000pa/£1,000pcm. The property is situated in the centre of the main retailing area and opposite the new Co-op. The property is tenanted by Kirkwood Hospice who run a number of successful Charity Shops in the area and this being a busy one. The property is leased for a term of 10 years at a current rental of £12,000pa/£1,000pcm exclusive of rates. Briefly comprises, Shop, Preparation Area/Kitchen, Loading Bay, Ancillary Stores and WC’s. This is a great opportunity to acquire a substantial property with a good tenant in this very popular location. Please note there is VAT payable on the purchase price on this lot.
See legal pack
Description & Tenancy
Shop 31’8” x 22’7” (9.65m x 6.89m) Preparation Area/Kitchen 24’5” x 14’0” (7.45m x 4.27m) Loading Bay 16’4” x 11’0” (4.97m x 3.35m)
Landing Store One 14’0” x 13’6” (4.27m x 4.11m) Store Two 9’0” x 8’10” (2.75 m x 2.70m) Store Three 34’7” x 22’8” plus 25’5” x 15’0” (10.53m x 6.91m plus 7.75m x 4.57m) Ladies & Gents WC’s
Let to Kirkwood Hospice for a term of 10 years from 22nd January 2016 subject to a rent review and tenant only break clause at the end of year 5 at a passing rent of £12,000pa exclusive of rates.
Energy Efficiency Rating (EPC)
Current Rating E
Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.