This four storey freehold building is situated at the junction of Elm Grove and Victoria Road North/South and is at present configured as a ground floor commercial unit with use of the basement, while to the rear on the ground floor there is a one bedroom flat with two larger flats situated on the first and second floors.
The property is let producing a very healthy income and considered ideal for addition to an income-producing portfolio.
Commercial
Ground Floor
Main shop/retail area, cloakroom with W.C. and basement/cellar used for additional storage.
Tenancy
Occupied under the terms of a recently renewed 3 year lease from 1st August 2021, with the previous 3 year lease expiring on 31st July 2021. The rent will continue to be £8,000 per annum.
Residential
Ground Floor Flat
Living room/kitchen, bedroom, bathroom with W.C.
Tenancy
Let under the terms of an Assured Shorthold Tenancy for a term of 12 months from 16th July 2020 at a current rent of £6,120 per annum.
First Floor Flat
Entrance hall, living room, kitchen, bedroom and shower room, second bedroom accessed via the communal hallway with en-suite shower room.
Tenancy
Let under the terms of an Assured Shorthold Tenancy for a term of 6 months from February 2021 at a current rent of £9,000 per annum.
Second Floor Flat
Entrance hall, living room, kitchen, bedroom and shower room, second bedroom accessed via the communal hallway with en-suite shower room.
Tenancy
Let under the terms of an Assured Shorthold Tenancy for a term of 6 months from March 2021 at a current rent of £9,000 per annum.
Outside
Courtyard to the rear.