Period Commercial And Residential High Street Investment

A period High Street building located close to various retailers including TG Jones (formerly WH Smith), Boots as well as various other retailers including Iceland and various independent shops.

The property comprises a ground floor shop, trading as a cafe with a two storey store to the rear, a four-bedroom maisonette with separate entrance and a hairdressing salon to the rear of 124 High Street.

Commercial - Ground Floor

Single display window with door leading into the front seating area with counter/servery. Rear seating area with further counter/servery, lobby with access to courtyard garden, preparation area and W.C.

Lower Ground Floor

Main commercial kitchen and store room with access to rear and vaulted open outside store. Two storey outbuilding off the courtyard.

Outside

Courtyard area providing further seating.

Tenancy

Let under the terms of a seven-year lease from 1st December 2021 expiring 30th November 2028 at a current rental of £12,600 per annum. We understand the lease is outside the Landlord & Tenant Act 1954 Part II.

EPC Rating

D (77) Total Floor Area 92 sq.m.

Hairdressing Salon

Situated off the courtyard area to the rear of 124 High Street comprising hairdressing salon, kitchen area and W.C. We understand there is a basement accessed from the courtyard, but this has not been inspected.

Tenancy

Let informally at a current rental of £50 per calendar month.

EPC Rating

To be confirmed.

Residential - Maisonette

Separate access at ground floor level (to the right of the shop window). The maisonette has a gas heating system via radiators.

Ground Floor

Entrance hall with stairs to first floor.

First Floor

Landing, living room, dining room (or bedroom two), kitchen and bathroom with W.C.

Second Floor

Landing and three further bedrooms.

Tenancy

Let under the terms of an Assured Shorthold Tenancy at a current rental of £667 per calendar month. From 1st May the tenancy will become a rolling tenancy and referred to as an Assured Periodic Tenancy.

EPC Rating D

Council Tax Band B

Auctioneer's Note

Prospective purchasers are requested not to contact the tenants directly and videos are available to view on the Clive Emson website.