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1 bedroom property for sale

High Street

Guide Price £650,000

Property Description

Full description

INVESTMENT PORTFOLIO comprising SIX units over two floors with valuable parking to the rear just off the busy pedestrianised High Street achieving £43,323 per annum.

Robert Ellis are pleased to offer for sale this investment portfolio comprising a parade of ground floor retail units with office suites above. The property comprises six units over two floors equating to some 235 sq.m. to the ground floor and a further 219sq.m. upstairs. To the rear there is a car park.

The property is prominently located on a busy through road just off the main pedestrianised High Street and close to a number of national and local retailers, including Aldi, Tesco, Argos and Asda.

The units are currently yielding £43,323 per annum as at 15.2.16. (no. 9 High Street lease has expired and is currently available to let at a higher rent of £10,000 per annum). Based on recent lettings achieved, a common rent rent for the portfolio is more fairly reflected in the sum of £60,000 per annum.

Tenure - The property is for sale freehold, subject to the current leasehold interest. Details of the leases are available upon request for any serious purchasers.

The units are let on full repairing and insuring lease agreements and currently achieving £43,323 nett per annum as at 15.2.16. exclusive.

Additional Information - Services:-
Mains electric, water and drainage are connected. Space heating internally is the responsibility of the tenants and comprise electric units.

VAT:-
We are told the sale will not be subject to VAT.

Legal Costs:-
Each party to bear their own legal costs.


More information from this agent

Listing History

Added on Rightmove:
17 February 2016

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