Bathroom Shop & 8 Flats, Kenton

Property Description

• 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.

Floor Areas

• 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.