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Property description & features
- Tenure: Leasehold
Prime, Investment Property on Green Lanes Opposite the landmark Salisbury Pub.
ref - st0072
We are delighted to present a ground floor investment opportunity situated in a prime location on Green Lanes, almost directly opposite the junction with St Ann's Road. This bustling area is celebrated for its vibrant mix of local coffee shops and restaurants, providing a lively backdrop and steady foot traffic beneficial for any business.
The property has been impressively modernised to meet contemporary standards and is currently leased to a well-established barber shop. The current lease brings in an annual income of £21,000, with four years remaining and provision for 5-yearly reviews to align with market conditions.
Regarding expenses, the property has a rateable value of £14,750 as determined by Gov.uk, which is utilised to calculate the business rates bill. Potential investors are advised to contact the Local Authority for detailed information on rates calculations and potential discounts.
The investment is offered on a leasehold basis, with a new 125-year lease and a peppercorn ground rent.
This property represents a robust investment opportunity with a secure income stream, a desirable location, and significant potential for capital growth.
Places of interest
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Property reference S1032826. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by eXp UK - London.
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Broadband availability and predicted speed
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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