Description -

Freehold shop and residential investment.

The property consists of retail space on the ground floor let to Ladbrokes Betting & Gaming Ltd with four self-contained flats on the first and second floors.

Accommodation -

This comprises retail premises with self-contained residential accommodation on first and second floors. There is also off road free parking to the front.

198/200 - Ground Floor Retail 2,577 sq. ft. /ITZA 1241 sq. ft.
198 - First and second floor, 2 bedroom flat
200a - First and second floor, 3 bedroom flat
200b - First floor, 1 bedroom flat
200c - First floor, studio

Investment Details:

Ground Floor Retail - Let to Ladbrokes Betting & Gaming Ltd, trading as Coral Bookmaker. 5 year lease from 4th July 2020, rent of £22,500 pa

Flat 1, 198 Cressex Road - First/second floor two bed flat. Sold off by way of a long lease from 30th June 2017 for 110 years. Current ground rent of £200pa.

200a Cressex Road - First/second floor three bed flat. Let by way of an AST from 28th March 2022 at £9,000 pa.

200b Cressex Road - One bed first floor flat let by way of an AST from 22nd May 2021 at £6,600 pa.

200c Cressex Road - First floor studio let at £3,600 pa. No formal agreement, but a new AST on same terms is proposed.

Total Income £41,900 pa.

Terms -

Our clients seek £620,000 for their freehold interest.

VAT is not applicable to this sale.

Energy Performance Rating -

See attached details. EPCs available on request.