Two storey mixed use premises with two storey detached store to the rear
Accommodation extending to approximately 209.7 sq m (2,257 sq ft) overall
Ground floor retail premises with ancillary accommodation to the rear
Separately accessed two bedroomed first floor flat
Generating an income of £12,240 p.a.
The property comprises two storey end-terraced mixed use premises, comprising ground floor retail accommodation with a separately accessed two bedroomed flat above. The retail accommodation is well maintained and comprises a sales area to the front, storage accommodation in the centre and staff facilities to the rear. The flat additionally comprises a lounge, kitchen and bathroom. To the rear and predominantly accessed via Julian Street is a detached two storey store with twin loading doors secured by external shutters.
The entire property is currently let, with the ground floor having a lease that expires in 2020 and the flat by way of an assured tenancy, currently generating a combined income of £12,240 per annum. Copies of both agreements will be made available to bona fide interested parties.
In more detail the accommodation comprises
||62.8 sq m
||(676 sq ft)
||11.3 sq m
||(121 sq ft)
||55.3 sq m
||(595 sq ft)
||80.3 sq m
||(864 sq ft)
The premises are offered For Sale at a guide price of £125,000.
The new occupier will be responsible for the payment of Business Rates at the property. The commercial element of the premises are listed within the Rating List as ‘Shop & Premises’ with a Rateable Value of £3,800 (Source VOA website), although the premises will require reassessment should a change of use take place. The new occupier may be eligible for Small Business Rates Relief but should make contact with North East Lincolnshire Council for confirmation.
The residential element has a Council Tax band rating of ‘A’.
ENERGY PERFORMANCE RATING: C