Lot 113: FREEHOLD MIXED RESIDENTIAL AND COMMERCIAL INVESTMENT

Sold £159,000

This freehold investment opportunity is situated in the heart of the town of Westbury and comprises two lock-up commercial units and a two-storey two bedroom maisonette over.

All are at present let, making the property ideally suited for addition to an income-producing investment portfolio.

1 High Street

Single storey commercial unit comprising of main retail/office area, rear store room/office, staff kitchen and cloakroom with W.C.

Tenancy

Let on a Commercial Lease for a term of six years, from 21st July 2016, at a current rental of £7,500 per annum.

Auctioneer’s Note

We are advised that the tenant has exercised a break clause and will be vacating the property in July 2020.

3 High Street

Situated beneath the maisonette, comprising of main shop/trading area, inner hall and cloakroom with W.C.

Tenancy

Recently re-let to the same tenant on a Commercial Lease for a term of five years, from 1st September 2019, at a current rental of £6,200 per annum.

103 High Street

First Floor

Entrance hall, living room and kitchen.

Second Floor

Two bedrooms and bathroom with W.C.

Outside

Small private garden area.

Tenancy

Holding over under the terms of an Assured Shorthold Tenancy Agreement, from 24th August 2015, at a current rental of £525 per calendar month.

Residential EPC: F
Commercial EPC: C