Lot 40: FREEHOLD COMMERCIAL INVESTMENT

Sold £275,000

A freehold property arranged as a ground floor retail showroom with ancillary accommodation which is currently let on a commercial lease together with a self-contained first floor flat.

Shop

Ground Floor

Showroom area with further ancillary accommodation.

Tenancy

Let under the terms of a commercial lease for a term of five years from 25th March 2017 at a current rent of £21,500 per annum. Further information will be available to download from the Clive Emson website or inspection at the Auctioneer’s Office.

First Floor Flat

Tenure

Remainder of a 125 year lease from 1st July 2016 at a ground rental of £250 per annum.

Auctioneer’s Note

The commercial tenant also occupies the adjoining ground floor premises on a completely separate commercial lease, however, the premises are interconnected.

Commercial EPC: C