The property occupies a prime trading location in favoured Queens Rd, close to Tesco Express and Savills. The street comprises a good mix of established retailers, salons, cafes and restaurants. There is street parking outside and a public car park close by.
Freehold Guide Price £1,850,000.
Substantial investment comprising a large ground floor retail unit to be offered with vacant possession on completion, plus four upper flats let on AST agreements.
The retail unit has previously been occupied by a quality Kitchen showroom and would suit various uses under the E use class. It provides a total retail and ancillary floor area of circa 4,700 sq ft, including a small amount of mezzanine storage. There is a rear access also from South Road.
The upper two floors are arranged as four self contained flats, which are let on AST agreements- not inspected by us. One flat is 2 bedrooms and three are 1 bedroom flats- client advises that one of these could be converted into 2 bedrooms. Producing the following rents.
Flat 1 £950.00 pcm
Flat 2 £1100.00 pcm
Flat 3 £1100.00 pcm
Flat 4 £950.00 pcm
Our Clients will also consider a letting of the shop on a new FRI lease at a guide commencing rent of £65,000 p.a.
The shop falls within EPC band B.
