0 bedroom Shop located at Lyme Regis - Guide Price £80,000
Full Description:Guide Price £80,000
SHOP PREMISES IN LYME REGIS TOWN CENTRE
Lock up shop premises in a 2 storey town centre property. We are advised that the tenant will be leaving the premises on 31st July 2017 and they will then be available with vacant possession.
The property occupies a good secondary location opposite the library just 100m from Broad Street (the town's prime shopping area) on one of the principal approach roads into the town. The seafront is just a short walk away.
The property will be sold, subject to the existing tenancy either freehold or on a 999 year lease.
The Existing Tenancy:
The present tenant has successfully traded from these premises for 20 years as a beauty salon. There is no formal agreement at present but the tenant advises that in principle she would be happy to enter into a lease. We understand the rent passing is £489.07 pcm (£5868 pa) reviewed annually in line with RPI.
Is a lock up unit measuring about 28'2 x 14'4 (about 400 square feet/37m2) plus a shower room/w.c. at the rear and a covered yard 6' x 6'.
No rates are currently payable.
- Investment Property