Description -

The property comprises a semi-detached, two storey, Grade II Listed building with retail space on the ground floor currently used as a café. There is a two bedroom flat on the first floor of the property which is accessed via a rear external staircase.

The property has a large patio at the rear used by the café for external seating and an extended garden that is allocated to the flat.

The property benefits from planning consent and listed building consent to add a two storey rear extension to the ground floor cafe and flat above dated 15th July 2024 under application number 23/01692. The planning consent needs to be implemented within three years of the date of the permission.

INVESTMENT SUMMARY
The ground floor premises are currently let to Teapot Tea Shop Ltd for a term of five years from 1st July 2023 to the 30th June 2028 at a passing rent of £17,000 per annum on a full repair and insuring basis. The rent increases by £500 per annum on each anniversary of the term. The lease is outside Part II of the 1954 Landlord & Tenant Act.

The flat is let on an Assured Shorthold Tenancy from 10th April 2025 at a rent of £1,350 per calender month / £16,200 per annum.

Accommodation -

The premises comprises the below approximate areas:

Ground Floor (NIA): 41.76 m2 / 449.50 sq ft
First Floor Flat (GIA) : 48.98 m2 / 527.22 sq ft

Terms -

Our clients seek £495,000 for their freehold interest.

VAT is not applicable.

DUE DILIGENCE
Any interested parties will be required to provide company information and proof of funds to comply with anti money laundering legislation.

Energy Performance Rating -

Cafe - C-69.
Flat - D-66.