8A High Street, Syston, Leicester, LE7 1GP

DESCRIPTION

The freehold of a two-storey hybrid retail and residential premises, with ground floor tenant in-situ (income producing) and first floor flat sold-off on a long leasehold basis (excluded).

The ground floor is currently occupied by an independent tenant trading as RC Aesthetics & Body Sculpting Beauty Salon. Access is provided by way of a single-entry door to the left-side of a glazed shopfront with open-plan reception / sales area thereafter. The unit is presented to a modern standard throughout with laminate flooring, mixed light fittings, and plaster and painted wall finishes.

A staff / treatment area is enclosed via demountable partitioning, with additional private treatment area and WC to the rear.

Municipal parking is available via on-street bays immediately in front of the property in addition to via the Syston Town Square and Melton Road Car Parks both situated within short walking distance.

INVESTMENT

The ground floor is occupied by an independent tenant (personally liable) at a rent of £10,740 Per Annum exc (£895 per calendar month) for a term to 30th April 2029, with a one-month rent deposit sum held by the current Landlord (i.e. £895, to be transferred to the new owner upon completion for security).

There are two tenant-only break clauses throughout the term as at 30th April 2027 and 30th April 2028 on one and two months' prior written notice respectively. A copy of the commercial lease agreement is available upon request.

The first floor flat has been sold-off on a long leasehold basis for a period of 999 years from 25th December 2009. There is no notable ground rent income from the flat. A copy of the residential long lease is available upon request.