RARE OPPORTUNITY TO ACQUIRE A LANDMARK RETAIL/RESIDENTIAL PROPERTY INVESTMENT
A highly prominent gateway site in a unique corner location in an area of the city which has witnessed significant redevelopment in recent times.
- The property comprises a Victorian period five storey character building arranged to provide a 398 sq ft retail unit at ground floor, with 353 sq ft ancillary space at basement level.
- Upper floors provide residential accommodation and have been sold off on a long leasehold basis.
- A Lease to Hanging Ditch Wine Merchants Limited, who have traded from the property since 2008.
- Recent lease renewal delivered a 38% rental increase.
- RPI linked rent reviews in 2023 and 2027 providing guaranteed rental growth.
- The property is held long leasehold.
- The lease has an unexpired term of approximately 9.75 years.
- Offers in excess of £500,000