Not Specified

An excellent opportunity to acquire a rare freehold investment situated in a prominent, high footfall location. The property delivers a strong gross yield of just over 9% and benefits from well-proportioned retail accommodation, complemented by good-sized storage and kitchen facilities. The business remains unaffected by the sale, with the property let to an established tenant on a full repairing and insuring (FRI) lease expiring on 13 October 2030.

Accommodation

uPVC glazed entrance door into:-

SALES FLOOR
Two large uPVC bay windows either side. Spotlights, recessed floormat and commercial non-stick flooring. Space for seating and service counter. To the rear of the sales floor there is a window to the side elevation, stainless steel units with circular stainless-steel sink. Door into:-

STOREROOM / PREP AREA
Commercial non-stick flooring and space for store or prep area. Strip lights.

REAR STORE ROOM / KITCHEN
Strip lights and commercial non-stick flooring. Space for storage. Stainless sink with mixer tap and tiled splash back along with shelving above.

REAR HALLWAY
Fire door leading to side entrance, strip lights and fuse board, Commercial non-stick flooring.

W.C.
Obscure window to the side elevation. Commercial non-stick flooring, close coupled W.C, sink with separate taps, tiled splash back and cupboard below. Round ceiling light.

AGENTS NOTE
The property is let to the current Tenant on a full repairing and insuring (FRI) Lease expiring on 13 October 2030, producing a passing rent of £15,000 per annum. The tenant remains in occupation, and the sale will not affect the ongoing business operations.

TENURE
The current owners of Pendhu House hold the Freehold for the entire building. They arrange the annual building insurance, with each owner or tenant contributing their respective share.

SERVICES
Mains water, electricity and drainage.

EE RATING - C

BUSINESS RATABLE VALUE - £8,300

DIRECTIONS - What3Words – shapless.nurses.sounds

VIRTUAL TOUR - Available upon request

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Verified Material Information

Council Tax band: Not banded

Tenure: Freehold

Property type: Flat

Property construction: Standard construction

Energy Performance rating: E

Electricity supply: Mains electricity

Solar Panels: No

Other electricity sources: No

Water supply: Mains water supply

Sewerage: Mains

Heating: None is installed.

Heating features: Double glazing

Broadband: FTTC (Fibre to the Cabinet)

Mobile coverage: O2 - Good, Vodafone - Good, Three - Good, EE - Good

Parking: None

Building safety issues: No

Restrictions - Listed Building: No

Restrictions - Conservation Area: No

Restrictions - Tree Preservation Orders: None

Public right of way: No

Long-term area flood risk: No

Historical flooding: No

Flood defences: No

Coastal erosion risk: No

Planning permission issues: No

Accessibility and adaptations: Level access

Coal mining area: No

Non-coal mining area: Yes

All information is provided without warranty. Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.

The information contained is intended to help you decide whether the property is suitable for you. You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.