Commercial Properties For Sale in Aughton, Ormskirk, Lancashire
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Ground floor retail unit arranged as a hair and beauty salon. Accommodation includes: Main salon area Treatment room / office Store Modern salon fit-out Prominent glazed frontage Suspended ceiling with LED lighting Timber effect flooring Kitchen and WC facilities Rear access Tenancy: The property is let to an established hair dressing salon. Trading as Blush Hair & Extensions. Lease Terms Term: 5 years from 1 May 2023 Passing rent: £672 per calendar month (£8,068 per annum) Rent review: Fixed 2.5% annual increases Rent Schedule Period Annual Rent May 2023 - Apr 2024 £7,680 May 2024 - Apr 2025 £7,872 May 2025 - Apr 2026 £8,064 May 2026 - Apr 2027 £8,268 May 2027 - Apr 2028 £8,472 Figures as detailed in the occupational lease a copy of which is available on upon request. Tenure: Long Leasehold Retail Interest together with Freehold Interest in the Building. Residential Ground Rents: The flats have been sold off on long leasehold titles, however the freehold includes Ground rent income: Flat 178a: £150 per annum Flat 178b: 999 year lease at peppercorn rent Building Insurance: Current building insurance: £591 per annum Retail contribution: One third Investment Summary Current passing rent: £8,068 per annum
