RETAIL & OFFICE INVESTMENT
The ground floor premises have been extended from the original pair of terraces with a series of offices, a trade counter and a steel framed warehouse.
The upper floors have a separate entrance from Abbeydale Road and comprise former residential space converted to office and storage use.
There is a large tarmac and brick paved rear car park/yard with security fencing.
Sq mSq ft
Bang Tidy Clothing Ltd
Main building 145.181,563
Warehouse extension 141.001,518
Hedgerow Publishing Ltd
Ground floor entrance/store 14.67158
First floor offices and store 67.08 722
Second floor 45.28487
0.107 ha (0.26 acre)
323 Abbeydale Road (ground floor yard)
Let to Bang Tidy Clothing Ltd. Term: 5 years from 1 May 2014. Rent: £19,750 pa. Effectively full repairing lease within Landlord & Tenant Act 1954.
325 Abbeydale Road (upper parts)
Let to Hedgerow Publishing Ltd. Original lease dated 20 Jan 2006. Current lease for a term of 5 years from 10th Sept 2010 (tenant is currently holding over under the Landlord & Tenant Act 1954). Rent: £5,500 pa. Internal repairing lease, but the landlord can recoup costs associated with repairing the structure and common parts.
Copies of the leases in pdf format can be made available on request.
Potential to convert upper parts into residential use to increase income stream.
Potential for redevelopment given size of site, eg convenience store, apartments, mixed use scheme, etc.
Purchasers should make their own enquires.
Offers around £335,000 are invited. This would represent a gross initial yield of 7.5% based on the current income of £25,250 pa.
Please contact Mike Hull or Francois Neyerlin on 0114 281 2183, email: firstname.lastname@example.org / email@example.com