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Property Details

Holborn Court, 43, 43a & 45-47, Bridge Street, Newcastle, Staffordshire

Investment

5415 Sq Ft (503.05 Sq M)

For Sale £435,000 for the Freehold

Description

***** FULLY LET MIXED USE TOWN CENTRE INVESTMENT FOR Sale *****

A multi-let, retail, office and residential investment currently producing £35,268 (stepped rents averaged) per annum.

Buildings comprise a traditionally constructed three storey building which was refurbished around 2005 to provide two shops (43 & 45-47 Bridge Street), six office suites (Holborn Court) and 1 flat (43a Bridge Street). At the rear of the building there is a private car park with 24 spaces. In total the building and car park extend to approximately 0.25 acres.

Location
The property is situated between Bridge Street and Frog Hall adjacent to Lower Street (A34) in Newcastle under Lyme town centre, a few minutes' walk from the pedestrianised shopping area.

Accommodation
Total: 503.07 sq. m (5,415sq. ft)

Services
All mains utilities with the exception of gas are understood to be available subject to any reconnection that may be necessary and mains drainage.

Energy Performance Certificate
Each lettable unit has an EPC with a D or E rating. Further information is available upon request.

Planning
Interested parties are recommended to make their own enquires to Stoke-on-Trent City Council.

Rating
Each lettable unit and part of the car park is individually assessed. Further information is available upon request.

Occupation
Refer to Tenancy Schedule.

Service Charge
Each tenant pays a Service Charge in addition to rent.

Tenure
Freehold, subject to the occupational leases.

Price
£435,000

VAT
VAT is applicable to the price.

Legal Costs
Each party is to be responsible for their own legal costs.

Agent Details

Glenn Hammond
glenn@hammondsurveyors.co.uk
01782659905