Price £195,000

Rates Payable Upon Enquiry

Description

The property comprises two single storey buildings of brick and blockwork construction with concrete floors. The front building has a single pitch tiled roof and the rear building has a flat corrugated cement sheet roof. Thefrontage of the property is set back from the pavement adjoining Lagland Street.

The front building comprises four rooms accessed from a central corridor and the rear building comprises four rooms each with external access. Both properties have fluorescent strip lighting and are currently being used for storage.

The front building has a central corridor containing a basic sink unit. Externally, there is a working outdoor WC.

The property has an overall site area of approx. 0.023 hectares (0.058 acre).

The property has potential for alternative uses (subject to necessary planning consents).

Services

We understand that mains water, electricity and drainage are available at the property.

Price

£195,000 exclusive. The property is not subject to VAT.

Tenure

For Sale Freehold subject to an existing Tenancy Agreement dated 21 January 2011 granted to Rawlins Davy Reeves at an annual rent of £13,250 per annum exclusive payable monthly in advance.

The Tenants have an internal repairing obligation only recorded by a photographic schedule. The Tenancy has a rolling 3 month break clause and falls within the Security of Tenure Provisions of the Landlord and Tenant act 1954 Part II.

Business Rates

The property has a current rateable value of £10,000 from 1 April 2023. However the rateable value from 1 April 2026 will be £12,000.

AML

In accordance wih Anti-Money Laundering requirements, two forms of identification will be required from the tenant and any benificial owner together with evidence/proof identifying the source of funds being relied upon to complete the transaction.