Description
An opportunity to purchase a freehold investment opportunity on Commercial Street consisting of a ground floor retail space and a first-floor maisonette apartment, plus 2 parking spaces
demised to the flat, both parts let and income producing.
An opportunity to purchase a freehold investment opportunity on Commercial Street consisting
of a ground floor retail space and a first-floor maisonette apartment, plus 2 parking spaces
demised to the flat, both parts let and income producing.
The ground floor commercial element of the building is currently let to a gentlemen’s barbers who took occupation on a 5 year lease from 1st April 2022 at a rent of £10,750 per annum.
The upper floor maisonette apartment has recently undergone a full, significant refurbishment and has been let, we understand, for 40 plus years to a historic tenant on a protected Rent Act tenancy at a rent of £280pcm. An application could be made to the Rent Officer to increase the rent under the terms of the Rent Act.
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