Mixed use for sale
Property description & features
- Mixed Commercial/Residential Property in Heart of St Marychurch Precinct
- Retail Unit, 2 Bedroom Maisonette & Studio Apartment
- Scope for Rental Growth
- Popular Trading & Investment Location
- Good Spread of Income An Opportunity Not to be Missed
23 Fore Street comprises a ground floor lock up retail unit fronting onto the pedestrianised precinct. The shop has been occupied by the same tenant for 8 years.
The two residential units are accessed via Foxlands Walk - a pedestrian link that connects Fore Street with Chilcote Close to the rear. The 2 bedroom maisonette is full of character and has been let to the same tenant for over 20 years.
The ground floor studio apartment has been recently refurbished and is immediately ready to be re-let by the purchaser.
RETAIL UNIT - 23 FORE STREET
RETAIL AREA APPROX
36m2 (387 sq ft) . With small kitchenette and WC to the rear.
23A FORE STREET
Accessed from Foxlands Walk. Independent front door with stairs leading to first floor accommodation.
LARGE LIVING ROOM/DINING ROOM
KITCHEN
BATHROOM
SECOND FLOOR LEVEL
2 DOUBLE BEDROOMS
23B FORE STREET
An open plan refurbished studio apartment with smart kitchen fittings, new carpets and a bathroom.
TENURE
This property is for sale freehold, subject to the occupational lease and tenancy. 23 Fore Street - the tenant is holding over on a Short Term Commercial Lease from 24 June 2021 at the current rent of £6,000 per annum. The lease carries Internal Repairing and Insuring liabilities. 23A Fore Street is let on an Assured Shorthold Tenancy dated 12th September 2000, at a current rent of £525 per calendar month. The studio apartment has been refurbished and is ready to be re-let upon purchase.
UTILITIES
Each unit has independent water and electricity supplies.
VAT
The property has not opted for VAT.
LEGAL COSTS
Each party are to bear their own legal costs incurred in any transaction.
VIEWING
Viewing is strictly by prior appointment with the Sole Agents, Bettesworths. All interested parties are polity requested to respect the tenant's quiet enjoyment of their properties.
EPC RATINGS
23 Fore Street - TBC. 23a Fore Street - TBC.23b Fore Street - E.
Tenure: Freehold
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 12503052. 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 Bettesworths - Commercial.
OnTheMarket may have applied supplementary data to this property listing, including:
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:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
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
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.