There are two lock up garages and private parking at the rear. All seven shops are let on 12 year leases granted at varying dates at passing rents between £8,200pa and £10,000pa. Licences have been granted for the private parking and one of the lock-up garages. One lock-up garage is vacant. Two flats are let to the Local Authority, three flats are let on assured Shorthold Tenancies and seven flats have been sold on long leases.

The N14 parade comprises seven lock-up shops and a single storey office, together with seven two bedroom maisonettes accessed from the rear.

Tenure. The seven shops and office units are let on leases varying between 7 and 20 years with passing rents between £8,000pa and £10,500pa. Six maisonettes are let on a single 20 year lease granted in September 2003. One maisonette is currently vacant.

Residential Care Home. Originally constructed as a detached private house, the building was altered and extended ten years ago to create a residential care home. The premises are let on a 20 year lease granted in November 2003.

TERMS

We are instructed to dispose of the portfolio by way of the sale of the company. Current passing rent £383,484 per annum.

Price £7,500,000 subject to contract for the company and all its shares.

View by appointment through Mehdi & Ward.

Ref : 6483