Background
This is an investment property comprising three separate commercial elements forming a two storey end terraced property. The property is located on Durham Road between the junctions of Denewell Avenue and Beaconsfield Road.
The immediate area is predominantly residential but this site forms part of a busy commercial parade that includes a selection of independent traders. Within 500 yards of the parade there is Costa, a Boots pharmacy and a Co-op Foodstore.
There is free pull in street parking plus paid for car parking in the Council facility nearby.
Description
A two-storey end terrace property of traditional brick construction with a pitched roof over.
407 Durham Road (circa 153 sq.m.)
A ground floor retail unit trading as an optician and occupied by ABC Optical Limited.
Held on a 10 year FRI lease from 31/10/17at a rent of £15,000 p.a. Rent review 31/10/22
EPC: C
Rateable Value £17,500
409 Durham Road (circa 262 sq.m.)
An extensive first floor restaurant trading as Primavera.
Held on a 7 year FRI lease from 01/04/21 at a rent of 19,200 p.a. Rent review 31/03/24 and break clause 31/03/25
EPC: B
Rateable Value £13,750
411 Durham Road (circa 44 sq.m.)
A ground floor retail unit trading as a domestic electrical appliance retailer and occupied by R & C Hewitt Limited.
Held on a 15 year lease from 07/05/09 at a rent of 11,000 p.a.
Rateable Value £9,600
Legal Costs
Each party to be responsible for their own legal costs in the transaction.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
