£225,000
  • Ref: 16406
  • Type: Retail
  • Availability: For Sale
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Property Summary

The property is located on the corner of Sutton Road and Coleman Street and comprises a tenanted shop and spacious vacant two bed maisonette. The shop trades as a retail bakery serving a well populated surrounding residential area. The premises have been used as a bakery for many years. Please note that the business is not affected by this proposed freehold sale

The living accommodation has the benefit of gas fired central heating and double glazing throughout. Externally there is a pleasant concreted courtyard area. Car parking in Coleman Street is by way of resident's parking permits.

RENTAL INCOME FROM THE SHOP IS £6,200 PER ANNUM EXCLUSIVE. The living accommodation will be vacant upon completion and is ideal for owner occupation or alternatively the rental market. We estimate that the rental value for the flat is in the region of £700 per calendar month.

Full Details


LOCATION
The property is located on the corner of Sutton Road and Coleman Street

DESCRIPTION
A tenanted shop with a vacant 2 bed maisonette over.

ACCOMMODATION
SHOP -
Currently let on a lease for a period 5 years with effect from 24th June 2016 at a rent passing of £6,200.

FLAT (Self contained entrance to the side from Coleman Street)
GROUND FLOOR
KITCHEN/ DINER 10'11" x 15'3"
Stairs to first floor
LOUNGE 12'2" x 16'5" + bay. Windows to front and side elevations
BEDROOM 1 11'9" x 12'10"
BEDROOM 2 11'2" x 13'
BATHROOM 6'5" x 7'9" 3 piece white suite


EPC RATING FOR THE SHOP D-79

EPC RATING FOR THE MAISONETTE D-57

SERVICES
Mains electricity, gas and water to the flat
Mains electricity and water to the shop

TERMS
Offers in the region of £225,000 are required for our client's freehold interest in these premises with the benefit of vacant possession of the maisonette and the rental income of £,6200 per annum exclusive, from the shop.

OUTGOINGS
The rateable value for the shop is £4,600 which is chargeable at 48.6p. in the pound for the rating year to April 2020. Small business rate relief may apply.
The living accommodation will be subject to payment Council Tax

VAT
To be confirmed

LEGAL COSTS
Each party to be responsible for their own legal costs.

SERVICE CHARGE
Not applicable

PARKING NOTES
Resident's permit parking in Coleman Street.

PLANNING
A1 retail use

VIEWING
Prior telephone appointment