Property Description

The investment premises is situated in a popular residential location of Measham. More specifically, the subject property occupies a prominent position in the heart of the village, and the end of terrace premises sits within other popular retail users. DESCRIPTION: The subject property provides an income-producing investment of £14,000 per annum providing an attractive two-storey building currently utilised as a Chinese take-away and first floor residential premises trading as Dragon Chinese. The end of terrace premise provides ground floor retail space comprises, front of house entrance/service area, kitchen, WC facilities and storage rooms. The front shop window has roller shutter door safety. The first floor has its own rear access to the property and boasts a kitchen, living room, bathroom, toilet facilities and two double bedrooms. There is also external sitting area. There is an estate car park. LEASEHOLD POINTS: 16 year lease from 8th February 2023 Lease end date 7th February 2039 Approximately 14 years left on the lease No break clauses Full repairing and insuring leasehold 3 yearly rent reviews - Rent Review Dates 8th February 2026, 2029, 2032, 2035 and 2038.

Note

Please be advised that whilst our joint agent has conducted an inspection, the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Rateable Value

We are informed that the Rateable Value for the property is £6,400 per annum. Prospective buyers are advised to make their own independent enquiries in this respect before placing their bid, as this will be binding.

Flood Risk

Rivers and Seas - Very low. Surface Water - Very low.

Building Construction

Cavity wall, as built, no insulation (assumed) - Information taken from EPC.

Broadband (estimated speeds)

Standard 18 mbps, Superfast 76 mbps and Ultrafast 1000 mbps show as available in this location

Mobile Signal

EE, O2, Vodaphone and Three show as available in this location.

Satellite and Cable TV Availability

Sky, Virgin and BT show as available in this location.

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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