Commercial Development for saleMoss Lane, Bramhall, Cheshire
Sold STC £223,000
- Use class orders: A1 Shops
- Central village location
- Current tenant since 2003
Full description**EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY**
The property briefly comprises a two storey end terrace which provides a ground floor self contained retail unit, first floor flat which has been sold off on a 999 year lease at a peppercorn rental.
To the rear of the property is a communal car parking area which the occupiers of 218 Moss lane have the right to use.
The accommodation extends to the following net internal floor areas:
Sales area 64.41 sq m (693 sq ft)
The property is currently let to TSK Agencies Limited, t/a ink and toner World (Company Registration No.4709164) with two personal guarantees in place. The lease is for a term of 6 years from 1st May 2015 at a passing rental of £16,000per annum. the lease is is on FRI basis. The lease incorporates a rent review on1st May 2018 and also a tenant only break clause on the third anniversary of the commencement date.The existing tenant has been in situation since 2003.
YIELD : A purchase of £220,000 produces a net initial yield of 7.27% excluding purchase costs, in addition the tenant pays management charges of 7.5% of the annual rental.
VAT: All figures quoted are exclusive of but may be subject to VAT.
If you would like to view this property please contact Main & Main Estate agents on 0161 485 1919
EXCELLENT COMMERCIAL INVESTMENT OPPORTUNITY- Ground floor retail unit in heart of Bramhall village centre with parking. Internal floor area 693 sq ft (64.41 sq m) Currently let.
Special Note -The price is correct at the time of going to print, we advise customers to enquire the price of specific properties prior to viewing. We reserve the right to amend/improve the specification at any time. Any special offer relating is offered at the asking price stated and is subject to terms and conditions.
NB - The services, appliances and heating systems have not been tested and therefore no warranty can be given or implied as to their working order. They should therefore be verified on survey by any prospective purchaser. All measurements are approximate.
Tenure- To be confirmed with a solicitor at point of sale.
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