Summary

Freehold investment for sale comprising of a ground floor retail premises with a first floor one bedroom residential flat situated above. Currently producing an annual rent equivalent to £15,300 per annum gross.


Description

A Victorian terraced property currently arranged as a commercial retail premises on the ground floor with a separate residential flat on the first floor.

The ground floor is current let on a 5 year commercial, effective full repairing and insuring lease from 1st September 2016 at a rent of £7,200 per annum, exclusive. The rent is due monthly in advance. The Tenant has a rolling break clause after the end of the 3rd year of the term subject to 3 months written notice. The lease appears not to have been excluded from the Landlord and Tenant Act 1954.

The accommodation comprises of a communal entrance hall (shared with the first floor residential accommodation, a front sales room which leads through to a larger sales room/workshop with kitchen area and two cloak rooms and affords access to the rear gardens.   The rear garden extends to about 40' and has a timber shed located at the end. The ground floor net useable area totals approximately 450 sq. Ft (42m2).

Energy Performance Certificate: EPC Band D (76).

First floor:
The first floor apartment is accessed via a stair case leading from the communal entrance hall and comprises of an open plan living room and kitchen located at front looking out onto station road and a bedroom at the rear with separate bathroom.

The flat is currently let on an Assured Shorthold Tenancy for an initial period of 12 months from June 2017 and is about to be renewed (subject to contract). The rent is £675.00 per calendar month excluding council tax and connected utilities. The rent is payable monthly in advance.

Energy Performance Certificate: Band E (44).

The property has mains connected gas, electric water and drainage.

Viewings strictly by appointment with the vendors sole agent, Ballards Estate Agents: 0118 932 0044

Please note that the information contained in these details is based on documents provided by the vendor and we advise all prospective purchases to take advise from legal representation regarding the lease details.

Location

Situated in a sometimes busy but convenient position between Twyford village centre and the main line railway station, in a terrace of similar properties, some of which are residential homes.
The property sits within the Twyford Station Conservation Area.

Directions

From our offices on the Wargrave Road in the centre of Twyford, proceed to the central traffic lights and continue straight over into Church Street and the take the right fork into Station Road. The property is about half way down on the left opposite the turning into Brook Street.

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