SOLD (subject to contract)
Location:
Property located off Wood Street, near to the junction of Heath Lane South.
Description:
A ground floor retail unit currently let as a hairdressing and tanning salon with a
one bedroom self contained flat on the first floor.
Accommodation:
Ground Floor: Retail unit of approximately 1,796 sqft (166.85 sqm), w.c.
First Floor Flat: 1 bedroom self contained flat.
Outside: 1 allocated parking space at the rear.
Note:
Tenant has an option to break at 01.04.2012 with 6 months prior written notice.
Tenure:
· We understand that the property is a freehold investment subject to existing tenancies..
· The retail unit is let for a term of 6 years from 01.04.08 with a 3 year rent review on a full repairing and insuring basis at a rental of £100 per week (£5,200 pa) exc.
· Tenants option to break at 01.04.2012 with 6 months prior written notice.
· The first floor flat is currently let on a 6 months Assured Shorthold Tenancy from 03.02.2010 at a rent of £350 pcm (£4,200 pa) exc.
· Current rental income: £9,400 pax.
DID YOU KNOW…………
• Not all Auction properties are re-possessions
• That you can arrange for a survey prior to Auction
• You do not need to attend the Auction to bid (we can bid on your behalf, subject to prior arrangement)
• You can arrange a viewing on Auction properties
• You can make an offer before the Auction
Please contact the office for further information & Auction Catalogue.
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