This investment is located in a prime commercial trading position, a very busy parade with a mixed range of retailers, hairdressers and commercial operators. The parade also includes Tesco Express, HSBC, Nat West, Lloyds and Barclays Banks and is adjacent to Thorpe Bay railway station.
Ground floor fitted out fish and chip shop with a residential flat on two floors above. The rent passing currently is £13,250 per annum, which includes both the commercial and residential part of the building and is based upon a 20-year lease from March 2004.
Accommodation The premises are currently let to Fredericksons who occupy the ground floor retail shop as a traditional fish and chip shop, together with residential accommodation on the two upper floors. There is vehicle access to the rear of the building via an alleyway between Fermoy Road and Elm Grove. The lease is subject to 5-yearly rent reviews.
Price The premises are available on a freehold basis at £325,000
Legal Costs Both parties to be responsible for their own legal costs
Viewing By prior appointment with Dedman Gray Commercial on 01702 311111