Price £1,280,000

EPC Rating This property has been graded as C (65)

Description

Comprises the entire building arranged as Ground floor shop and basement which has recently undergone refurbishment, together with self contained residential upper parts split up to provide a first floor 1 bedroom flat & a self contained maisonette on the second and third floors split up to provide 2 beds, 2 bathrooms, lounge and kitchen. The flat is in good decorative condition.

Tenancies

The Ground & basement is Let to Urban Gifts & Co Ltd on a proportional Full Repairing & Insuring Lease for a term of 5 years from the 1st April 2026 without rent review. The Lease is granted Outside the security of the Landlord & Tenant act 1954. Rent £42,000 pax.

First Floor 1 Bedroom Flat: Sold off on 125 year Lease from the 21st April 2006 at a Ground Rent of £500 per annum.

Second & Third Floor Maisonette: Let to Marc John Lincoln Minnaar & Hannah Gabrielle Moodie on an AST for a term of 3 years from 5th February 2025 to 4th February 2028 at a rent of £32,854.56. The Rent is increased by RPI each 12 month anniversary minimum 3% Maximum 7% determined by the agent acting as an expert.

Total Rental Income: £75,354.56 pax

Freehold Price (LN176620)

£1,280,000

Identification

In accordance with Anti-Money Laundering Regulations, two forms of identification will be required from the successful purchaser

Viewing

Strictly by appointment through owner’s Sole agents as above.