We have received an offer of £90,000. Any increased offers are to be received within 5 days of this publication (24/01/2024) at the above agents.
The property comprises a corner ground floor and lower ground floor / basement with tenant-in-situ currently operating as a barbershop with internal fittings including laminate flooring throughout, gas central heating, and fluorescent strip lights. The existing tenancy is due to expire 31st August 2027, however is subject to a break option as at 31st August 2024. The current passing rent is £675 per calendar month (pcm), rising to £695 pcm from 1st September 2024, £725 pcm from 1st September 2025, and £750 pcm from 1st September 2026 to term end.
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Retail Investment
For Sale: £99,950 for the Long Leasehold
Passing rent £8,100 PA rising to £9,000 PA
Corner retail unit with dual frontage
Popular location
Gross Initial Yield: 8.1% rising to 9%