A fantastic opportunity to acquire a mixed use investment premises, comprising an A1 retail premises at ground floor and a 3 bedroom self contained HMO above, fully let and income producing.
Fully let A1 Retail/HMO investment
Long standing retail tenant.
Popular and prominent location.
An attractive, fair faced brick built, Victorian premises under a slate roof. The property is arranged over arranged over 3 levels and has previously been extended to the rear. It is presented in good order throughout.
The ground floor comprises a self contained A1 retail unit, extending to approximately 665 sq ft NIA, trading as "The Tattooed Hare", a popular, established, tattoo parlour that have traded since 2013. The lease is held in the personal names of the tenants, on a term expiring 23/09/2020, at a rent of £15,000 per annum.
The upper floor residential premises is a licenced HMO and is accessed from the street by way of a door way to the left hand side of the frontage. The maisonette is arranged as a living / dining room, bedroom, kitchen and shower room at 1st floor, with a further 2 bedrooms on the 2nd floor. The uppers have been continuously let for a number of years and on the basis of an annual assured shorthold tenancy which is currently generating an annual rent of £20,760.
To the rear is a garden / yard area, the full width of the property, extending to approximately 40'.
Copies of the lease documents and a floor plan are available to view within the microsite data room.
Strictly by appointment with the sole selling agents.
Each party to bear their own costs incurred in the transaction.