A Commercial Investment Comprising a Ground Floor Retail Shop Subject to a Lease Producing £7,280 Per Annum

The property comprises a ground floor retail shop situated within a mid terrace building arranged over ground and first floors.

Tenure

Long Leasehold. The property is held on a 999 year lease from 1st January 2016 (thus approximately 991 years unexpired) at a peppercorn ground rent.

Location

The property is situated on a mixed use road close to local shops and amenities. Nearby multiples include Tesco, B&M Store, Aldi and local retailers. The open spaces of West Park Long Eaton are within easy reach. Transport links are provided by Long Eaton rail station.

Accommodation

Ground Floor Cafe Kitchen WC G.I.A Approximately 66 sq m (710 sq ft)

Tenancy

The property is subject to an FRI lease for a term of 5 years commencing 5th December 2024 at a rent of £7,280 per annum. 2026 upward only rent review. Personal guarantor.

The property has not been inspected by Auction House London. All information including the internal photos have been supplied by the vendor.

VAT

VAT is applicable

Energy Efficiency Rating (EPC)

Current Rating B

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

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.