Property Description

A freehold investment opportunity comprising of 5 commercial units and associated land and parking. Well placed in a popular and sought after location with good road frontage to two aspects. The units sit on mainly on a tarmac site which provides parking for 10-12 cars. Offered with 4 units let with an income of £36,000 per annum. Income once fully let is £48,000 per annum. Unit 1- Ground Floor Retail Unit- Let at £1000 pcm. Unit 2- First Floor Office Space (arranged as a two bed flat) Let at £500 pcm. Units 3 & 4 -A large ground floor retail unit let as mini supermarket at £1500 pcm Unit 5- First Floor Retail / Showroom Space- Vacant but in negotiations to be let at £1000 pcm. A superb investment opportunity offering a potential yield in excess of 10% with income from day one.

Unit 1- Ground Floor Retail Shop

Let at £1000 pcm on a 6 year lease. Main retail area with display windows to two aspects. Staff Room, Large Store Room and Toilet.

Unit 2- First Floor Office Space

Let at £500 pcm on an assured shorthold tenancy. Spacious accommodation currently arranged as a 2 bedroom flat. Landing, Lounge/Diner, Kitchen, Bedroom One, Bedroom Two, Office, Shower Room.

Units 3-4 Ground Floor Supermarket

Let at £1500 pcm on a 3 year lease. We are informed the tenants would sign a longer lease. A spacious sale shop area with numerous large stores, office, w.c and walk in fridge/cold room.

Unit 5- First Floor Retail / Showroom

A new lease is about to be assigned at £1000 pcm. The auctioneers have not inspected this unit internally but believe it to comprise - Show Room, Service Area and large store.

Externally

The site has road frontage and vehicle access to both Church Road and Ollerton Road. There is parking to the front and side along with further parking to the rear to total around 10-12 spaces

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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