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12-14 Dam St 527 sq ft Retail Unit Offered at £200,000 in Lichfield WS13 6AA
Investment Highlights
- Grade II listed
- Prominent and busy location
- Rare freehold opportunity
Executive Summary
The property comprises a mixed use building of masonry construction, arranged over two floors with retail space at ground level and residential space above. The property is prominently located mid-way along the pedestrianised Dam Street, which links Market Place with Lichfield Cathedral and Stowe Pool on the edge of the main retail area in the heart of the historic city centre. Neighbouring occupiers in the immediate locality include Body Beautiful, Silks Hair and Glover Priest Solicitors.
1 Unit Available
Unit 14
| Unit Size | 527 sq ft | Unit Use | Retail |
| Price | £200,000 | Sale Type | Investment |
| Price Per sq ft | £379.51 | Tenure | Freehold |
| Unit Size | 527 sq ft |
| Price | £200,000 |
| Price Per sq ft | £379.51 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Freehold |
Description
The premises are a Grade II listed two storey property let to Richard Overton trading as The Olde Nook Cafe and comprises ground floor sales/seating area leading through to a serving area and kitchen to the rear. A staircase off the front area leads to additional first floor seating together with two WCs to the rear.
Sale Notes
Freehold subject to the following tenancy:
The property is let to Richard Overton trading as The Olde Nook on the basis of a 9 year lease from 20th March 2015 at a rental of £12,000 per annum, (currently holding over). A copy of the lease is available on request.
+2 More
Interior Photo
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Floor Plan
Interior Photo
Property Facts
| Total Property Size | 1,054 sq ft | Typical Floor Size | 680 sq ft |
| Property Type | Retail (Unit) | Year Built | 1860 |
| Property Subtype | Shopfront | Tenancy | Single |
| Costar Property Class | B | Total Plot Size | 0.02 ac |
| Floors | 2 |
| Total Property Size | 1,054 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 2 |
| Typical Floor Size | 680 sq ft |
| Year Built | 1860 |
| Tenancy | Single |
| Total Plot Size | 0.02 ac |
Amenities
- EPC - D
- Storage Space
Nearby Major Retailers
Presented by
12-14 Dam St
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