About

The premises comprise 3 retail units to the ground floor all let on commercial leases with 8 residential flats over all sold on long leases. Details of the commercial lettings are listed below. Each unit has allocated car parking. The premises are offered for sale on a new 999 lease subject to both the commercial and residential lettings.
In summary:
Shop 1 - let for a term of 12 years from August 2015 to 2 individuals trading as Jarvis Brew Coffee Shop at £9,000pa subject to rent review at 6th year (outstanding).
Shop 2 - let for a term of 10 years from October 2019 to an individual trading as a barbers shop at £10,000pa subject to rent review at 5th year.
Shop 3 - Let for a term of 6 years from November 2019 to Eridge Green Kitchens as a showroom and held in their Limited Company name at a rent of £8,500pa subject to rent review at 3rd year (outstanding).
There are 8 flats over, 4 per floor, all let on long leases for a term of 125 years paying a ground rent of £100pa subject to review every 15th year (from 1st July 2015) and a service charge at 12.5% of landlords expenditure per unit.
The entire premises are offered for sale on a new long leasehold interest of 999 years subject to the commercial and residential lettings. Offers sought in the region of £425,000.