Mixed use for sale
Property description & features
- Substantial Commercial Investment (With Residential Ground Rent Income)
- Comprising 7 Ground Floor Lock Up Retail Units
- Income (Fully Let) of £40,320 Per Annum
- 17 Residential Ground Rents - 125 Year Leases from 1991 (£50 Per Annum Ground Rents)
- Significant Value Add Opportunity Through Ongoing/Asset Management
TENURE
The property is being sold freehold subject to the Occupational Leases and Assured Shorthold Tenancies detailed in the schedule overleaf. The freehold is also subject to 17 x 125 year leases, granted from 1991. The leases allow for £50 per annum ground rent per property. The ground rents payable double at each 25th Anniversary. A sample copy is available from the Agents by request.
VAT
The property is elected for VAT. However, the sale transaction will be shielded from VAT as Transfer of Going Concern (TOGC).
UTLITIES
Each of the retained retail units and the retained residential unit are separately supplied for electricity and water, as are all of the long leasehold residential properties.
EPC
See schedule overleaf.
PROPOSAL
For sale is the freehold of St. Georges, subject to all occupational and long leasehold interests at an asking price of £365,000.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths and interested parties are requested to be sensitive to the ongoing businesses of our client's occupiers and residents.
Tenure: Freehold
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 12033188. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Bettesworths - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.