INVESTMENT PROPERTY FOR SALE: Mixed commercial and residential property. Ground floor retail unit of 55.9 sq. m (602 sq. ft) let on the residue of a lease 24 November 2029 (approx 5+ years unexpired). There is a two bedroom flat over which is currently vacant. There is also a garage which will be sold with vacant possession.
The shop is let at £600 per calendar month, to be reviewed on 25 November 2026.
To view or for more details contact CP Walker & Son.
Location
The property is situated within a neighbour shopping precinct with a One Stop Convenience Store and Post Office, two food takeaways and a beautician. The subject property operates as a Specialist Massage and Therapy Centre. The surrounding area is densely populated housing.
Retail unit
A ground floor lock up retail unit providing 55.9 sq. m (602 sq. ft) which has been subdivided by the tenant to create a number of treatment rooms. There is a kitchen and WC facilities to the rear. The plan shows the general layout.
The unit is let to Mai Thai Massage Ltd at a rent of £600 per calendar month on internal repairing and insuring terms. The lease runs to 23rd November 2029 with a rent review due on 24th November 2026.
Residential Flat
A self contained two bedroom flat with access to the side of the property. A staircase leads up to the first floor flat with two bedrooms, living room and kitchen.
The flat us currently empty and is being sold with vacant possession.
Kitchen
Fitted kitchen with electric oven and hob, washing machine.
Living Room
Situated to the front of the property. Timber floor covering.
Bedroom 1
Situated to the front of the property with double aspect. Built in wardrobe.
Bedroom 2
Situated to the rear of the property. Dual aspect.
Bathroom
Bath with shower over, WC and wash hand basin.
Heating
Electric panel radiators.
Garage
Situated to the rear, accessed from the rear. To be sold with the benefit of vacant possession.
Terms
The property is offered for sale with the benefit of the lease of the retail unit. Offers invited in the region of £215,000.
Rates and Council Tax
The Rateable Value of the retail unit is £3,950. For businesses that qualify for the small business rates relief, no rates are payable. The Flat is Band A. The charge for 24/25 is £1,580 approx.
EPC Rating
The EPC Rating of the shop is TBC
The EPC Rating of the flat is TBC
Copies of the EPC Certificate will be available once completed (ordered)
Further Information and Viewings
For more information or to view the property, contact Julie Sumner in our Commercial Property Department on Direct Line: 0115 957 4768 or by email at julie.s@cpwalker.co.uk. Viewing is by prior arrangement - contact us to arrange an appointment.
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