The property is an attractive building arranged over ground and first floors. It has brick and rendered elevations under a pitched, slate roof. The property provides ground floor sales accommodation and ancillary accommodation on the first floor. Thereis a large enclosed rear yard at the rear which provides access for deliveries and parking forseveral vehicles.
The entire property is let to Sportswift Ltd – t/a Card Factory – on FRI terms for 5 years from 8 April 2019, expiring 7 April 2024. The rent is £28,750 per annum.
Certificate available upon request.
We understand the property has been elected for VAT. It is anticipated thatthe sale will be treated as a transfer ofgoing concern (TOGC).
We are instructed to seek offers in theregion of £424,000 (Four Hundred and Twenty-Four Thousand Pounds), subject to contract and VAT. A price at this level would reflect a net initial yield of 6.50%after purchaser’s costs of 4.32%.