The subject property comprises an attractive 3-storey semidetached property providing a double fronted retail unit at ground floor with a 3 bedroom maisonette above. The first/ second-floor maisonette is accessed via a staircase and external entrance at first floor level. The upper floors now have planning to convert in to 2 separate flats. Further info available on request.
The property is let on full repairing and insuring terms to Costa Limited for a term of 10 years with effect from 19th December 2013. The current rent of £52,500 per annum was set at renewal and equates to £60 Zone A, and is subject to review every 5 years to the open market rental value. The tenant has the option to determine the lease, giving 6 months written notice, at the expiry of the 6th year.