The property is prominently located on Green Wrythe Lane with the benefit of good vehicular passing traffic in a mixed parade of retail occupiers. The property is an end of terrace brick building beneath a pitched tiled roof. There is a service road, accessed from Aultone Way, which provides vehicular access to the rear of the property.
( Agency Pilot Software Ref: 329 )
Location
The premises are prominently located on the eastern side of Green Wrythe Lane, close to the junction with St James Road within a densely populated village location, amongst a range of multiple and established local retailers.
Accommodation
The premises have the following approximate floor areas and dimensions:
Ground Floor A5 Takeaway - 117.67 sq m (1,267 sq ft)
First Floor Maisonette - 45.35 sq m (488 sq ft)
First Floor Maisonette
Living Room 3.85 x 3.48
Kitchen 2.52 x 1.80
Bedroom 3.01 x 2.40
Storage - 1.23 x 3.45
Bathroom - 2.03 x 1.82
Hall - 3.18 x 1.79
Landing - 1.84 x 3.57
All dimensions and measurements are approximate, however these are based upon the principles laid down in accordance with the RICS Code of Measuring Practice.
Terms
Existing Tenancy - The ground floor premises are currently let out on a Full Repairing and Insuring Lease to A Team PH Limited and Simon Patrick Byrne. The Lease term is 15 years from 01 June 2015, to expire 31 May 2030 at a current rental of £12,500 per annum exclusive, subject to 5 yearly rent reviews with the next rent review due on 01 June 2020.
Terms - The premises are available Freehold for sale, subject to the existing Tenancy for the ground floor A5 takeaway premises, and with vacant possession of the residential upper parts.
VAT - The property has not been elected for VAT.
Price - We are instructed to seek £455,000 for the Freehold interest.
Rates - According to the VOA website, the ground floor has a Rateable Value of £8,700.
Therefore, Rates Payable in the current financial year for 2019-2020 are £4,384.80
NB: Please note that the rates actually payable may be subject to transitional relief. For a more accurate assessment of rates payable for the current year, please contact the Local Authority.
EPC - The commercial premises have a current rating of D (84). The residential upper parts have a current rating of E (49).
Legal Costs - Each party is to be responsible for their own costs in this transaction.