Last Updated: 06th Oct 2024
The site comprises an imposing four-storey corner positioned building built in traditional brick and stonework, with a mansard roof section.
Internally, the ground floor provides an open plan café area, together with stores and WCs integrally connected within the basement. The three upper floors have been refurbished to provide self-contained residential accommodation in accordance with the schedule below. Access to the upper floors is via a separate front door and lobby from Angel Row.
Ground floor let to Nero Holdings Limited
Annual rental £66,400 per annum, based on current ground floor tenant performance
Refurbished residential apartments
£900,000 to reflect an initial yield to the purchaser of 6.98% after costs
