Other Details

Accomodation

Comprising a shop lock-up with basement, together with a large self-contained 3 bedroom upper part. The ground floor is currently used as a cafe, which along with basement, has separate WC and kitchen facilities at the rear of the premises. Additionally, there is a small rear yard which is demised to the upper part. The flat is currently vacant & has planning permission to convert to 2 x 1 bedroom flats, although as outlined within the plans, one of the flats benefits from an additional "study room". A new 16 year lease has recently been entered into on the shop & basement at a rent of £12,000 per annum.

Amenities

Investment/Development Opportunity A new 16 year lease at a rent of £12,000 per annum, agreed on ground floor and basement Price - £560,000

Rent

£12,000

Legal Costs

Each party are to be responsible for their own legal costs borne in this transaction. ADMINISTRATIVE FEE: Upon terms being agreed and prior to Solicitor’s being instructed, the prospective tenant or purchaser is to pay an administrative fee of £500 plus VAT to Bennett Phillips Luton. This fee will cover all associated administrative costs including any referencing fees incurred. In the event that the Landlord or Vendor withdraws from the transaction once solicitors are instructed, 50% of the fee will be refunded.

Possession

Immediate upon completion of legal formalities.

Viewing

Strictly by appointment through sole agents Bennett Phillips Luton | 0208 501 3000 Contact Marc Luton at marc@bennettphillips.com