Freehold Funeral Directors and Residential Investment
Freehold Funeral Directors and Residential Investment
The property is prominently situated on the north side of Streatfield road in a busy commercial neighbourhood with major occupiers including Londis, William Hill, Betfred, Haart Estate Agents and an eclectic mix of local commercial occupiers.
Freehold.
The property is prominently situated on the north side of Streatfield road in a busy commercial neighbourhood with major occupiers including Londis, William Hill, Betfred, Haart Estate Agents and an eclectic mix of local commercial occupiers.
Freehold.
The property comprises an attractive mid terrace mixed use building comprising Retail accommodation on the ground floor and a self-contained 4 room maisonette on the first and second floors. The property benefits from a rear yard with car parking. The maisonette has a separate entrance from the rear and he retail unit also benefits from rear access. The maisonette may be suitable to be converted to two flats, subject to consents.
VAT is not applicable to this lot.
Six Week Completion
available from the legal pack at acuitus.co.uk
The property comprises an attractive mid terrace mixed use building comprising Retail accommodation on the ground floor and a self-contained 4 room maisonette on the first and second floors. The property benefits from a rear yard with car parking. The maisonette has a separate entrance from the rear and he retail unit also benefits from rear access. The maisonette may be suitable to be converted to two flats, subject to consents.
VAT is not applicable to this lot.
Six Week Completion
available from the legal pack at acuitus.co.uk
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 70.50 sq m |
(759 sq ft) |
FUNERAL PARTNERS LIMITED (1) |
15 years from completion |
£24,000 | 2025 and 5 yearly |
| First and Second |
Residential | 4 room maisonette |
VACANT POSSESSION |
||||
| Total |
70.50 sq m |
(759 sq ft) |
£24,000 | ||||
(1) For the year ending 30th September 2018, Funeral Partners Limited reported a Turnover of £40,250,000, pre tax profits of £4,196,000 and a Shareholder funds of £29,396,000 (Source:Experian Smartsearch 28/04/2020).
(2) The lease provides for a fixed increase in the rent to £26,000 p.a.x. on the 5th anniversary of the term.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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