Investment - Mixed Residential/Commercial), Investment - Retail, Investment - Mixed Commercial
Description
A mid terrace 3 storey investment property. The ground floor is a retail shop used as an Indian takeaway. There is a front servery with rear kitchen stores / staff facilities and a basement which is used for storage.
The lease has been assigned with 8 years unexpired to BS Saman Ltd, trading as Basil and Bay. This assignment is subject to an Authorised Guarantee Agreement of 6 months rent. The current rent is £7,500 per annum. There are 3 yearly rent reviews from June 2020.
The residential upper floors comprise a 2 bedroom flat with independent access from St Mary Street. This is let on an assured short term tenancy for £9,300 per annum.. The flat has gas central heating, some double glazing, fitted kitchen and bathroom.
Please note that the pictures of the flat are from 2022.