Property marketed by:
A unique opportunity to acquire a ground floor retail unit previously used as a sandwich bar but currently vacant with potential to be converted to other uses subject to Consent, with self contained residential accommodation to the first floor. Situated in a busy built up residential area with a number of other local shops.
LOCATION
The property is located on Pill Street on a prominent corner plot with several other shops close by in a built up busy residential area.
The property is close to all usual amenities and Penarth Town Centre is some one mile distant.
DESCRIPTION
The property comprises a two storey end of terraced premises with a rear garden and access to rear lane. The ground floor previously provided accommodation as a sandwich bar, but could easily be converted into other retail or food uses.
The first floor provides for a self contained one bedroom flat.
ACCOMMODATION
The accommodation briefly comprises:
Ground Floor
Customer area
Counter
Front food preparation area
Rear food preparation area.
Net Internal Area 42.8 sq mts (460 sq ft)
First Floor
Hallway and staircase
Front lounge
Bedroom
Kitchen
Bathroom
Outside
The front of the property is direct to the public pavement and there is a rear garden with
LEASE TERMS
The property is FREEHOLD and available for sale.
The ground floor unit is currently vacant but has previously been let for an annual rent of £6,000 per annum.
The first floor residential flat is occupied and let on an Assured Shorthold Tenancy at a rent of £5,940 per annum.
Prospective Rental Income £12,000 per annum.
PURCHASE PRICE
Freehold £150,000 (One Hundred And Fifty Thousand Pounds)
BUSINESS RATE & COUNCIL TAX
We have been advised that the property is assessed as follows:-
Business Rates Payable £1,525
Residential Category Band C Charge £1081.08
LEGAL COSTS
Each party will be responsible for their own legal Costs.
ENERGY PERFORMANCE
Awaiting assessment
