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Commercial Property Details

 
£89,500
North Street, Ashburton
Under Offer
 
  • Town Centre Commercial Investment
  • Passing Rent £8700 Per Annum
 
A commercial investment (business unaffected) consisting of a centrally located lock-up premises

Tenure: Leasehold
Description

This is an opportunity to acquire an investment (business unaffacted) in one of the main streets of the busy town of Ashburton consisting of a lock-up premises let to a coffee shop business which opened in April 2018.

The original lease is dated January 1st January 2018 for a term of 2 years and the tenant is holding over. The passing rent is £725 pcm.

The premises measure 25'7" x 12'7" with a large window to North Street and there is a Cloakroom/WC at the rear.
Tenure
The premises are held on a 999 year lease from 21 December 1984 with a Ground Rent of £25. We understand the freehold is held by 19 North Street which is laid out to the right and over 19A North Street. 19a contributes 38.84% to the insurance of the building (£304.15 at last renewal) and 38.84% to any uninsured repairs to the building as a whole.

Map


Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.