Description
The property comprises two well presented ground floor retail units with a single bed flat above.
No. 34 - equates to approximately 433 sq ft and is occupied by Mr Barbers, a regional barber franchise covering the East and South Eastern regions.
The tenant has a 10 year lease from 10th August 2022 with a rent review and option to break in 2027. The passing rent is £6,500 per annum exclusive.
No.36-equates to approximately 303 sq ft and is occupied by a private individual trading as Life is Good Spa, a traditional Thai massage and wellness center.
The tenant has a 10 year lease from 1st March 2021 with an option to break on the 1st March 2026. The passing rent is £7,200 per annum exclusive.
No. 34A (First Floor Flat) - is let to a private individual on an Assured Shorthold Tenancy agreement, paying a monthly rent of £550, equating to £6,600 per annum. The tenant has been in occupation since May 2017.
The total combined rental income is £20,300 per annum.