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Substantial London Mixed Use Freehold on a High Footfall Street Comprises a Retail Unit, a Studio, 2 x 1-Bedrooms and 3 x 2-Bedroom Flats - 3,681 sq ft (342 sqm) Investment Let at £137,120 per annum (8.84% GIY on Guide Price)
The property comprises a retail unit, a studio, 2 x 1-bedrooms and 3 x 2-bedroom Flats. Flats a, b, c and d are accessed via the entrance to the left hand-side of the retail unit. Flats e and f are accessed via an entrance off Broad Passage to the rear of the property. All 6 of the residential units are let on periodic tenancies. The retail unit is let to a private individual for a term until 29.11.2031 with an upcoming rent review on 30.11.2026. The current passing rent is £20,000 per annum.