COMMERCIAL INVESTMENT OPPORTUNITY

SINGLE LET 3-STORY BUILDING

5,126 sq ft (476.22 sq. m)

FOR SALE

Other Details

Accomodation

The property comprises a well-presented end of terrace three-storey building and is currently configured to provide commercial space on all floors. Measurements are as follows: Ground floor: 2,339 sq. ft / 217.3 sq. m First floor: 2,279 sq. ft / 211.7 sq. m Second floor: 508 sq. ft / 47.22 sq. m Total: 5,126 sq. ft /476.22 sq. m *Basement (unmeasured)

Amenities

High Street Location Fully let Freehold investment Producing £64,000 pax Existing tenant in occupation

Lease

Freehold to include the benefit of the tenancy. The property is currently let to Lirro Bespoke Interiors Limited T/A Shmidt Kitchens ? a kitchen showroom (Class E) use. Let on a 15-year lease from February 2020 producing an income of £64,000 per annum exclusive with 5 yearly rent reviews. There is a tenant option to break the lease in February 2030

Rent

Price Offers are invited in the region of £950,000 (Nine Hundred and Fifty Thousand Pounds). VAT is not applicable.

Rates

EPC: EPC Rating - 57C

Legal Costs

Both parties’ legal costs are to be borne by the ingoing tenant. Administrative Fee Upon terms being agreed and prior to Solicitor's being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton 020 8 501 3000 contact Taylor Phillips on Taylor?bennettphillips.com