Retail for sale
Retail for sale
- Security system
- Roller shutters
- Storage space
The property, which is Grade II listed, is arranged on basement (no access), ground and two upper floors to provide a double fronted ground floor shop, an additional ground floor lock-up shop to the rear and a separately accessed staircase leading to four flats on the upper floors. The property provides the following accommodation and dimensions: Ground Floor - 160 sq m (1,722 sq ft) Two Retail Shops (1 x Double Fronted) First Floor: Flat 1 - 35 sq m (377 sq ft) Bedroom, Kitchen, Living Room, Bathroom/WC Flat 2 - 45 sq m (484 sq ft) Bedroom, Kitchen, Living Room, Bathroom/WC Second Floor: Flat 3 - 67 sq m (721 sq ft) Bedroom, Kitchen, Living Room, Bathroom/WC Flat 4 - 37 sq m (398 sq ft) Bedroom, Kitchen, Living Room, Bathroom/WC Total area size: 344 sq m (3,702 sq ft) Tenancy: The entire property is at present let to CORAL RACING LIMITED for a term of 16 years from 28th February 2011 at a current rent of £15,500 per annum. The lease provides for a rent review in September 2021. The rent is to be increased by a minimum of 2.5% per annum compounded. Therefore the rent will rise to a minimum of £17,536.83 per annum in September 2021. The lease contains full repairing and insuring covenants. The tenant is not currently in occupation. We understand that Flats 1-4 are sub-let to Thirteen Group until 2023 at a current rent of £5,858.95 per annum.
|Name||Description||Size||Move in date||Locations|
|Coral Racing Limited||Description||-||Size||1,487 sq ft||Move in date||-||Locations||-|
This shop for sale is located in Norton, Durham.
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