Property Summary
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