Substantial Freehold Retail and Residential Ground Rent Investment
Substantial Freehold Retail and Residential Ground Rent Investment
The property is situated on the west side of Cowell Street, close to its junction with Stepney Street, in the heart of the town centre. Nearby occupiers include Job Centre Plus, Specsavers and branches of Halifax and Nationwide Banks.
Freehold.
The property is situated on the west side of Cowell Street, close to its junction with Stepney Street, in the heart of the town centre. Nearby occupiers include Job Centre Plus, Specsavers and branches of Halifax and Nationwide Banks.
Freehold.
The property comprises a supermarket and one vacant shop arranged on the ground and basement floors, with residential accommodation arranged on the first, second, third and fourth floors, let on a long lease.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a supermarket and one vacant shop arranged on the ground and basement floors, with residential accommodation arranged on the first, second, third and fourth floors, let on a long lease.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m |
Floor Areas (Approx sq ft) |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground Basement |
Supermarket Ancillary |
257.56 141.10 |
(2,773) (1,519) |
A. K. SALEH (t/a Zabka Polski Supermarket) |
10 years from 11/10/2018 | £10,000 |
- |
| Ground | Retail/Ancillary | 135.64 |
(1,460) |
VACANT | - | - |
- |
| First/Second/Third | - |
- |
PB RESIDENTIAL LTD | 125 years less 3 days from 06/09/2004 | £1,350 rising to £2,025 in 2029 |
06/09/2029 and 25 yearly thereafter |
|
| Total | 534.30 |
(5,752) |
£11,350 |
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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