27-29 High St 526 sq ft Retail Unit Offered at £185,000 in Yarm TS15 9BW

The property is a three storey, mid terrace, building arranged to provide a ground floor retail unit and upper floor residential flat. The upper floors have been sold off on 125 year long lease. A communal entrance shared with 29 High Street provides independent access to both 27 and 27a High Street. The ground floor retail unit comprising an open plan sales area, staff toilet and kitchen to the rear. The sales area has been partitioned off to the rear to provide an office and staff room by the vacating occupier. The unit benefits from attractive bow window with frontage to the popular cobbled High Street. Occupied for a number of years by One World Travel, as a travel agents office, the property is now vacant and suitable for a variety of commercial uses including retail, offices and hospitality.

The freehold interest includes the ground, first and second floor. The upper floors have been sold off on a long leasehold basis with the freeholder responsible for the repair and maintenance of the external building and common parts.  The freeholder has a right to recover the service costs from the long leaseholder via the annual service charge. The long leaseholder pays an annual ground rent of £250.00 to the freeholder.