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For Sale£220,000.00

Investment - 23, CHURCH STREET, LUTTERWORTH, LEICS

Retail, Offices, Office , 1492 Sq Ft
Property type: Retail, Offices, Office
Tenure: Investment Opportunity, For Sale Freehold
Size: 1492 Sq Ft
Price: £220,000.00
Location: 23 Church Street, LE17 4AE
Office and Retail Investment 1,492 sq ft
Ground floor retail premises 766 sq ft NIA
First floor offices premises 726 sq ft
Fully let investment property
Gross yield 7.5%
Located on prime retail pitch
Lutterworth town centre
SAT NAV: LE17 4AE

Location
23 Church Street has a ground floor retail premises and a first floor office premises located directly off the High Street in Lutterworth Town Centre. Church Street is widely regarded as a prime location in Lutterworth and the property is within easy walking distance of the town's comprehensive facilities which include Waitrose and Morrisons supermarkets, banks, post office, library, gym and chemists. Lutterworth has excellent transport links and the town is situated on Junction 20 of the M1 and approximately 4 miles from Junction 1 of the M6. The A5, A14 and M69 are also within easy travelling distance of this pleasant town.

Description
Access to the property is directly from Church Street. The ground floor of the property features a full width and height shop display window providing excellent frontage. Internally the Property comprises a large open plan retail area on the ground floor with store room, WC and kitchen to the rear, and rear access. The property benefits from heating and an intruder alarm.

The first floor offices are accessed from the door to the right of the retail frontage directly from Church Street. Internally the first floor consists of 3 offices with a kitchen point, WC, perimeter power and data points. There are two car parking space to the rear of the building.

Accommodation
The property has been measured in accordance with the RICS Code of Measuring Practise and provides 138.61 Sq m (1,492 sq ft).

Tenure and Possession
Bhavna Kholia T/a Ishka : Ground floor FR&I lease commencement: 1st February 2017, Lease Expiry: 31st January 2023, Rent Review 1st February 2019, Passing rent £10,000 per annum. The Tenant benefits a break option at 1st February 2019 with 6 months prior notice.

The Care Agency Limited: First floor IR&I lease commencement: 27th November 2008, Lease Expiry 26th November 2019, Rent Review 27th November 2018. Passing rent £6,500 per annum. The Tenants benefits a rolling 3 month notice to terminate the lease.

Both Lease are available on request and are excluded from sections 24 to 28 of the Landlord and Tenant Act 1954.

The property is to be sold as an investment property. Each party to bear their own legal fees.

EPC
The property has an EPC Rating of C.
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