1, Lake Road , IM1 5AF

Description
This property is in a high profile location and benefits from the open plan footprint which has flexibility of alternative uses and therefore is a  rare mix of high quality units comprising of residential a Penthouse which is occupied by the Owner on the Second Floor and a separate rented flat on the First floor and commercially leased units on the Ground and First Floors.

Commercial  / Residential Accommodation & Tenure Ground & First Floors
 
Freehold subject to commercial tenancies the principle Tenant on the Ground and First Floors is Alighr4 Life Limited and holds a lease commenced on the 1st June 2019 until June 2029 the Ground Floor Rent is £28,000 per annum and the First Floor is £20,000 per annum leases are available to view on terms and conditions.
 
Aligh4 Life Limited also rent an rear area on the first floor on an informal basis the rent being £8,400 per annum clarification as to terms and conditions can be made available.
Rental Income circa £56,400 per annum Gross.
 
The separate flat on the First Floor is presently rented at £12,000 per annum on an informal basis and the rent includes rates, heating and lighting. The approx. size of the one bed room flat is 538 sq. ft.
 
Total Annual Rental Income circa £68,400 Gross
 
Ground Floor Approx 1,737 sq. ft. NIA of retail space excluding core lobby and WC’s
First Floor Approx 1,346 sq. ft. NIA excluding lobby and WC’s
 
Management Company in place for service charges invoicing.

The Penthouse & Ancillary Areas

This is situated on the Second Floor of the property and represents outstanding high quality spacious and versatile accommodation. The access to the Penthouse is by private door entrance with security system. On entering the hallway there is a private lift up to the Penthouse which offers extra privacy and security only accessible by the occupier.

The Owner has the benefit of ancillary areas on the Ground floor namely an entertainment room adjoining shower and toilet facilities, laundry and storage areas and main boiler room.

The Penthouse is fitted out with high quality fixtures and fittings with a wide range of spacious living accommodation the approx. area is 2872 sq. ft. area NIA plus patio area.

Entrance from the Lift into main Lounge / Accommodation Areas