Sold Prior
- Retail Property (high street)
- Tenure: Leasehold. The property will be held on a new 999 year lease at a peppercorn ground rent/
Call the team on 020 7625 9007 for more information
A Commercial Investment Comprising a Ground Floor Retail Unit Subject to a Lease Producing £17,750 Per Annum
The property comprises a ground floor retail unit situated within a mid terrace building arranged over ground and four upper floors.
Tenure
Leasehold. The property will be held on a new 999 year lease at a peppercorn ground rent/
Location
The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Boots, Three and One Stop. The open spaces of Marlborough Garden are within easy reach. Transport links are provided by Nafferton rail station.
Accommodation
Ground Floor Retail Unit - G.I.A Approximately Measuring 110 sq m (1,182 sq ft) WC's
Tenancy
The property is subject to a lease for a term of 10 years commencing 4th July 2018 at a rent of £17,750 per annum to William Hill. The tenant has been in occupation since 1990 and did not exercise their 2023 break clause. There are no further break clauses and the July 2023 rent review is outstanding.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
