Retail property (high street) for sale

A mid-terraced building of brick elevations with pitched tiled roof coverings, offered to the market as a fully-let income producing investment. The ground floor offers 594 sq ft of usable space plus WC. The first floor accommodation, which is accessed via an internal staircase forms part of the overall commercial lease and comprises a two rooms, a kitchen and family bathroom and has the potential of being turned into a one bedroom flat, subject to planning. The property has undergone a full refurbishment during the last 12 months and is offered with the benefit of a 20 year lease with no breaks, resulting in an initial gross yield of 9.8%.

The property is Located on Bucknall New Road, (A5008) one of the principal throughfare routes into the city centre and is also opposite an area of significant regeneration comprising the development of a substantial number of new houses.

The whole building is let to a private individual, T/A Taz Food & Wine at £13,200pa on an FRI lease from 27th March 2025 for 20 years with no break clause. Copy of the lease available upon request.

The sale price is not subject to VAT.

Available freehold, subject to contract and with the benefit of the existing FRI lease.

Rateable Value: £6,200
The tenant is responsible for payment of any business rate liability where applicable.

All mains’ services are connected. Gas fired central heating installed. No services have been tested by the agents.

Band D (81)

In accordance with the anti-money laundering regulations, two forms of identification will be required (e.g. photographic driving license, passport, utility bill) from the applicant and a credit check may also be required, the cost of which will be the responsibility of the applicant. Where appropriate we will also need to see proof of funds.