Description:
We have the pleasure of offering this investment property for sale, located in a secondary location of the Town Centre but nonetheless, a busy thoroughfare with passing traffic and local on-street parking.
This property offers a mixed retail and office development premises with a variety of users including Biddiscombes, a long standing retail business established in 1906 selling home furniture products.
The property is available for sale Freehold, subject to the existing Tenancies in place; making this an ideal investment opportunity with high occupancy levels.
Full details can be provided on Tenant occupation, upon request.
Accommodation:
The premises comprises 2 No. retail units at ground floor level with 9 No. office units at first floor level.
The retail shops have the benefit of excellent shop frontage and independent access, with the first floor offices having their own independent access at ground floor level.
Communal toilets are available at first floor level for the office Tenant occupiers, plus shared Kitchen facilities.
The retail premises let to Biddiscombes is an extensive retail area split over ground and first floor, with independent WC and staff room facilities at first floor.
The smaller retail shop had undergone significant refurbishment which had included a new heating and cooling air conditioning system, reconfiguration of the office areas, new lighting, new flooring throughout and WC and kitchenette areas refurbished prior to the new Tenant taking occupation in March 2023 on a 10 year term basis.
Services:
Mains electricity, water and drainage are connected although services are shared with various parts of the building and costs shared between all occupants through a service charge.
Details can be provided upon request.
Terms:
The property is being sold Freehold with the benefit of the office Tenants in occupation on simple rolling monthly Tenancy agreements. Both retail shops are let on long term Leases.
