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Property Description

Other nearby retailers include In-Store, Superbuys (soon to be British Heart Foundation) and Caffe Society.

The property is arranged on ground floor only, with the following approximate areas and dimensions:
Internal width 2.6m (8ft 6 ins) max
Shop depth 14.8m (48ft 6ins) max
Ground floor sales 35 m² (381 ft²)
Ground floor ancillary 6.6m² (71 ft²)

The property is currently let on a 5 year lease from 1 December 2008 to the current tenant at an initial rent of £9,000 pax, subject to an upwards only rent review on 1 December 2011. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.

Offers in the region of £125,000 are sought for the freehold interest in the property, with the benefit of the current tenancy, showing a net initial yield of 6.8%.

We understand the business rates to be as follows:
From April 2010, £3,550, UBR 41.7p, rates payable £1,480

Each party is to be responsible for its own costs incurred in any transaction

Viewing By appointment with Hose Rhodes Dickson

Contact Nick Callaghan or Mark Rhodes
Telephone 01983 527727, email: nickcallaghan@hrdiw.co.uk

Please note the vendor of this property is related to a member of staff at Hose Rhodes Dickson

Agents Notes

Our description of any appliances and/or services (including any central heating system) should not be taken as any guarantee that these are in working order. None of the statements contained in these particulars as to this property are to be relied upon as statements or representation of fact nor is it intended to form any part of any contract.

Especially if travelling long distances, if there is any point of particular importance, please contact the office who will be pleased to clarify the information.

Floor plans are a schematic and are for guidance only. All measurements are approximate. Please note that if our photographs depict the property in a furnished condition, on completion all furnishings will be removed unless specifically mentioned elsewhere as being included in the sale.