129 Regent Street is prominently located near to the junction with Park Street and in close proximity to Parade, the main retailing thoroughfare for the town. The property is close by a number of high quality independent boutique shops and national covenant retailers such as Fired Earth and Dominos Pizza.
A freehold mixed use commercial and residential premises. The top two floors offer a two bedroom apartment requiring modernisation and offered with full vacant possession. Once refurbished the ERV is £1,000 pcm.
The ground floor retail unit is subject to a business tenancy within the Security of Tenure provisions of the Landlord and Tenant Act under a lease expiring in October 2024 at a passing rent of £10,000. The retail unit operates as a sandwich bar/deli and caterers. The business is available for purchase by separate negotiation with an asking price of £60,000 plus SAV.
The accommodation comprises three storey mixed use retail and residential unit together with a basement. It has the following approximate dimensions:
Main sales area – 25.72m2 (277sq.ft.)
Stock storeroom – 5.21m2 (56sq.ft.)
Total net internal area - 30.93m2 (333 sq.ft.)
Pedestrian right of way and access from rear of property to Park Street.
Ground floor, access directly to Regent Street, vaulted ceiling and
dry basement – 21.72m2 (234sq.ft.).
First floor – 27.94m2 (301sq.ft.)
Landing and stairway to second floor – 28.24m2 (304sq.ft.)
Total Gross Internal Area – 77.9m2 (839sq.ft.)
The Rustic Food Company are an independent retailer who have been established for over 9 years in the careful hands of a family run business which has been subject to continuing investment in new equipment, fixtures and fittings which are included within the business sale price.
Mains water, electricity and drainage are connected to the property.
The freehold is available at £395,000
Business rates rateable value is £8,500 pa
Residential property rated Council Tax Band C.
To discuss the property or arrange a viewing please contact the sole sales agent – Mark Treadwell/Suzanne James on 01789 292310 Option 5.
Email – email@example.com
Refurbishment Opportunities, Residential Conversions, Residential, Commercial
For Sale -