Retail Investment Property Producing £12,000 p.a.
For Sale by Informal Tender closing 12 noon on Friday 21st June 2019
30 South Street is a freehold retail investment property producing £12,000 p.a.
The property comprises a lock-up shop on ground floor with a maisonette above that has been sold off on a long lease at a peppercorn rent. The ground floor and upper parts are full repair and insuring.
The retail lease is for 6 years from 14th April 2018 with 3 yearly upwards only reviews and is guaranteed by the current tenants a hairdressing salon type business.
The retail accommodation totals around 525sqft and has the usual services associated with a hair salon such as large immersion heater. There is an office/staff area to the rear.