Investment property comprises an end of terrace building with an income producing retail unit at ground and basement. The uppers comprise a split level residential flat that has been sold off on a 999 year lease at a peppercorn rent.
Lease / Term
The ground floor and basement is let on a 15 year lease from October 2017 and is subject to 4 yearly rent reviews. We understand that the October 2021 review was documented at a nil increase and the current passing rent is £20,000 per annum; the next review is due in October 2025. The lease is granted inside the Landlord and Tenant Act.
Amenities
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