Freehold mixed use investment comprising large ground floor retail premises (1237 sq ft, source EPC), let producing £20,800 pa and a duplex flat sold off on a long lease.

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Description/Location

Located in an established parade north east of the city centre, among multiple operators including Iceland, Pizza Hut, Boots Pharmacy, Post Office etc. Let to Barnados for 10 years from 05/05/2015 producing £20,800 pa. Upper parts comprise a 2 bedroom, duplex maisonette, sold off on a long lease for 125 years from 23/11/2015 producing ground rent of £50 pa.

VAT IS NOT APPLICABLE TO THIS LOT

Tenure

Freehold
Energy Rating: C

Office Contact

Please contact Network Auctions on 020 7871 0420

Accommodation

Ground Floor: Retail shop with trade areas and wc. First & Second Floors: 2 bedroom duplex maisonette, not inspected. Sold off on a long lease. Ground rent £50 pa.

Rent

Rent + Ground Rent: £20,850 pa

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*Guide Price & Reserves

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