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Investment Highlights
- High Yielding Mixed Use Investment.
- Fully Let to Three Tenants.
- VAT-Free Investment.
- Two Retail Units and Three Bedroom Flat.
- Asset Management Potential.
- Investment Let at £19,200 p.a. (16% GIY on Guide Price).
Executive Summary
The property comprises a high yielding mixed use investment opportunity occupying a prominent, high footfall, pitch. Arranged as two ground floor retail units with a three bedroom flat to the upper parts, the property is let to three separate tenants and is producing a total rent of £19,200 per annum. 121 Topping Street is let on a three year lease expiring 24.11.2028 and paying £7,200 per annum 123 Topping Street is let on a three year lease expiring 15.04.2027 and paying £5,400 per annum 125 Topping Street is let on an AST which expired 31.01.2026 and paying £6,600 per annum. We understand the tenant is holding over and continuing to pay rent. The property occupies a prominent pitch with a frontage to Topping Street, near the junction with Church Street. The property therefore benefits from high levels of footfall.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,584 sq ft
Costar Property Class
B
Year Built
1930
Price
£120,000
Price per sq ft
£75.76
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.50
Total Plot Size
0.07 ac
Frontage
Amenities
- Storage Space
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
-
- Manufacturing
- 955 sq ft
- -
- Feb 2021
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
Manufacturing | 955 sq ft | - | Feb 2021 |
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Nearby Major Retailers
1 of 2
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Presented by
114-116 Church St
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