This property is no longer on the market
Retail property (high street)
Property description & features
- Tenure: Leasehold
- Long leasehold Investment Modern Retail Parade Rental £43,900 p.a.*
- 28/10/2020
- Cannock
Long leasehold Investment - Modern Retail Parade - Rental £43,900 p.a.*
Property for auction on 28th October at 15:00at Online Auction with Bidding by Internet, Telephone and Proxy
Accommodation:
Rental Income:
6 Market Street: Let as a Hairdressing Salon on a 10 year FRI lease from 19/12 2012 at a rental of £16,000 per annum.
8 Market Street: Subject to a long lease of 244 years expiring 5/10/2261 at a peppercorn rent.
10 Market Street: Let as a Home Improvement Centre on a 5 year FRI lease from 12/6 2018 at a rental of £11,400 per annum.
12 Market Street: Subject to a long lease of 244 years expiring 5/10/2261 at a peppercorn rent.
14 Market Street: Let as a Turkish Barbers on a 5 year FRI lease from 9/11 2018 at a rental of £8,000 per annum.
16 Market Street*: Recently Vacant and new letting agreed to an Accountants for a 5 year FRI lease with proposed commencement 1/11 2020 at a rental of £8,500 per annum.
Total Rental Income when Fully Let: £43,900 per annum*
Note: All tenants are responsible for payment of an annual service charge for maintaining common parts
Accommodation
6 Market Street: Hairdressing Salon (Not Inspected)
8 Market Street: Not Applicable
10 Market Street:
Ground Floor: Retail Showroom 67.75 sq.m (729sq.ft) , Toilet
First Floor: Showroom & Office 69.38 sq.m (746 sq.ft)
12 Market Street: Not Applicable
14 Market Street:
Ground Floor: Barbers Shop 35.98 sq.m (387 sq.ft), Toilet
First Floor: Kitchen, Store/Office 47.1 sq.m (507 sq.ft)
16 Market Street:
Ground Floor: Retail/Office 37.22 sq.m (400 sq.ft), Toilet, Kitchenette
First Floor: Landing Room, , Offices 43.22 sq.m (465 sq.ft)
Outside:
Rear: Communal area with right of way, bin store and cycle store
Leasehold Information
Term: From 7 December 2016 to 15 October 2261
Legal Documents: Available at Viewings: Via Cottons -[use Contact Agent Button]
Property information from this agent
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