1,808 Sq Ft
  • Type: Investment Property, Retail Property (High Street)
  • Availability: For Sale
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Property Features

  • Town centre retail investment
  • Let to Ramsdens Financial Limited (Company No: 03045495)
  • Let on FRI terms for 3 years from 4th September 2023
  • Passing rental of £15,000 per annum
  • Mid-terrace Victorian retail shop
  • Arranged over ground, first and second floors plus basement
  • Sale price: £175,000 - reflecting a N.I.Y of 8.40%

Property Summary

The building is a mid-terrace Victorian shop with an attractive frontage incorporating stone detailing to the upper floor levels. The property has a basement which is occupied by the retailer to the right-hand side and used for sales purposes, being accessed only via their shop. The ground floor is used for the Tenant's business of cashing cheques and has a good standard of fit out, which includes a large curved secure counter, carpeted flooring and suspended ceiling. The rear part of the ground floor is used as a manager's office and a rear staircase provides access to the first and
second floors, which are both used for ancillary purposes including staffroom, storage and training room. The second floor is on a split level although it is not clear if this is due to the nature of construction or simply the Tenant's design.

The building is of traditional construction with suspended timber flooring to the upper levels and has timber single glazed casement windows and aluminum shop frontage, with a single doorway which is electronically shuttered beneath the display signage.