Income producing investment property with future redevelopment potential
Three storey mid-terrace commercial unit (upper floors currently blocked off)
Ground floor currently let until 31st October 2021
REAR PREP AREA:
McQuoids have the pleasure of bringing this income producing investment property to market. With the upper floors currently not in use, the purchaser will have the opportunity to redevelop the property in the future to further increase income.
The subject property is a three storey mid-terrace in a busy parade of shops with the ground floor currently let to 'The Fresh Meat Centre' until the end of October 2021. Accommodation includes sales area, kitchen area, fridge and rear prep area (inc. fridge).
Term: 6 years from 1st November 2015 (lease end date: 31st October 2021)
Rent Review: 1st November 2018
Insurance: Landlord to be reimbursed by tenant
Rates: Payable by tenant
NAV £4,650 (Rates payable 2018/19 of £2,799 prior to small business rates relief)
Viewing strictly by appointment through McQuoids on 02890 640018.
Status: For Sale
Asking Price: £55,000
Stamp Duty: £0*
* Stamp duty rates provided as a guide only. Additional charges may apply. Please refer to the tax service's website for more information.