LOCATION

The property is situated on the southern side of La Colomberie which generally houses a mix of retail, residential and offices.

Green Street and Snowhill car parks are within close proximity.

We attach a location for plan reference purposes.

DESCRIPTION

The property is a four-storey purpose-built building consisting of two retail units at ground floor level with 7 one bedroom apartments above and to the rear.

Overall, the property is in particularly good order throughout and we attach a selection of photographs accordingly.

We also attach a floor plan of the ground floor café/restaurant area of Unit 6a and the upper residential floors for reference purposes.

ACCOMODATION

The approximate areas are:

Unit 6a Retail - 705 sq.ft.

Rear Mezzanine - 685 sq.ft.

Office/Store - 180 sq.ft.

Unit 6b Retail - 695 sq.ft.

1^st Floor - 2 x one bed flats

2^nd Floor - 2 x one bed flats

3^rd Floor - 1 x one bed flat

Annex - 2 x one bed flats

TENURE

Unit 6a is currently let to Flour Patisserie Limited on a 9 year internal repairing and insuring style lease from 1^st September 2022, expiring on 30^th August 2031 and is subject to 3 yearly JRPI reviews. The Lessee has the option to break the Lease on 29^th September 2027.

Unit 6b is currently let to Studio Zest Limited on an internal repairing 9 year lease from 1^st December 2024, expiring on 30^th November 2033 and is subject to 3 yearly JRPI reviews. The Lessee pays a fair proportion of the building insurance.

The 7 one bed residential units are all let on standard residential tenancy agreements.

PASSING RENTALS

The total rent is £134,544 per annum, being £42,060 per annum for the commercial units and £92,484 per annum for the residential apartments.

ASKING PRICE

£1,575,000 by way of a Freehold Sale.