The ground floor consists of two retail units which have been combined to share a single frontage, currently occupied as a bathroom supply showroom. To the front of the property is the main sales area, along with staff W/C, office, kitchen and ancillary storage.
There is a car park to the rear with approximately 6 spaces and is accessed via Carlton Avenue to the west.
The car park is for use of the customers of the trade counter only.
The residential parts of the property are accessed via a communal entrance leading from the carpark off Carlton Avenue and over the roof of the ground floor retail store. Communal parts present to a basic but reasonable standard, with wood laminate flooring and plastered and painted walls and ceilings.
Within the residential parts are 8 studio flats, each providing a studio room, kitchenette, and shower-room.
Flats are finished to a similar standard, with wood laminate floors, plastered and painted walls and ceilings with spot-lights.
Kitchenettes incorporate tiled splashbacks, stainless steel sinks, refrigerator and washer-dryer.
In general the residential parts present to a good standard.
Ground floor retail (sales) 2,858 sq ft (265.6 sq m)
Ground floor (storage) 2,704 sq ft (251.3 sq m)
Basement (storage) 518 sq ft (48.2 sq m)
Flat 1 Residential First Floor – 194 sq ft
Flat 2 Residential First Floor – 236 sq ft
Flat 3 Residential First Floor – 205 sq ft
Flat 4 Residential First Floor – 243 sq ft
Flat 5 Residential Second Floor – 269 sq ft
Flat 6 Residential Second Floor – 291 sq ft
Flat 7 Residential Second Floor – 226 sq ft
Flat 8 Residential Second Floor – 248 sq ft
Total 8,302 sq ft
Tenancy & Accommodation Schedule
The property is let to one commercial tenant and 8 residential tenants, each under the terms of an Assured Shorthold Tenancy.
The commercial lease is within the Landlord and Tenant Act 1954, and the tenant therefore benefits from security of tenure.
The passing rent on the commercial element is £78,847.48 per annum.
Per the rent review clause in the lease, reviewed rent is to be the higher of Open Market Rent or Index Linked Rent.
The ASTs are drawn up on similar terms, typically for a 12 month term (subject to any renewals), with a deposit of one month’s rent.
Prideview Group has been at the forefront of commercial property investment services since 1985. For more than 35 years, we’ve been the premier choice for clients seeking expertise on the Acquisition, Management and Sale of quality commercial
Prideview Group has been at the forefront of commercial property investment services since 1985.