Mixed Use Freehold Comprising A Retail Unit And First Floor Three Bedroom Apartment And Rear Yard.
Description
Mixed Use Freehold Comprising A Retail Unit And First Floor Three Bedroom Apartment And Rear Yard. Fully let producing £85,700 Per annum. The shop, rear and yard are currently let to an electrical company on a Five year lease until August 2027 producing £63,500 PA The 1st floor apartment is let on an AST £22,200 per annum, £1,850 PCM, until 25th January 2025. The rear of property could offer the potential for future development subject to usual consents.
Tenure
Freehold
Accommodation
Ground Floor Retail unit Rear yard First Floor Three bedroom Flat
Location
This property is located on a busy high Street in a large residential area, just 1 mile from Hampton Court and the Palace. There are plenty of shops, eateries, sport and leisure facilities in Moseley, surrounded by green spaces, lakes and The River Thames. Hampton Court Train station is a 20 minute walk and gets you into London in 37 minutes.
Planning
Potential for future redevelopment of the rear yard subject to usual consents.
Tenancy
The shop, rear and yard are currently let to an electrical company on a Five year lease until August 2027 producing £63,500 PA The 1st floor apartment is let on an AST £22,200 per annum, £1,850 PCM, until 25th January 2025.
Sector
Mixed Used