INVESTMENT OPPORTUNITY
A mid terrace retail property of brickwork to the elevations under a predominantly pitched roof. The main features comprise:-
Aluminium glazed shopfront and entrance door off Eastgate Street.
Open plan ground floor retail area
1st floor office accommodation.
Ladies & gents WC
Schedule Of Floor Areas.
The property has the following approximate floor areas, measured on a Gross Internal Area (GIA)basis.
Tenancy Details
The property is currently occupied by way of a lease on the following main terms;
A 5-year term on a Full Repairing and Insuring basis which commenced on 16th January 2026.
A rental of £20,000 per annum exclusive.
An open market rent review on the 3rd anniversary of the term.
A break option in favour of the tenant on the 18th month anniversary of the term commencement.
The lease is outside the protection of the Security of Tenure Provisions of the Landlord & Tenant Act 1954 part II.
VAT is chargeable on the Sale Price
Further details are available from the marketing agents.
Tenure : Freehold
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