Mixed Use Property For Sale On High Town

44 High Town Road, LU2

Offers in excess of £300,000

Property Information

  • Reference number veco_1707073288
  • Property Type Mixed Use
  • Floor / Land Area 1001.04 sqft

Key Feature

  • Mixed Use

Extra Features

  • Fully Tenanted Freehold Purchase
  • Situated within walking distance to the Train Station
  • Close Proximity to Town Centre

Property description

Venture Commercial is pleased to present this Property which is of mixed use with a commercial unit to the ground floor and a residential flat on the first floor and includes the freehold interest. The Ground Floor commercial unit is a Class E Unit and is currently used as a grocery store and is presented in good condition, it measures approximatley 820 sq ft and has side access on the street leading to the rear of unit . The First Floor apartment comprises of a Living Arear, 2 Double Bedrooms, Kitchen and Bathroom. The property is also in good condition and is currently tenanted. 

Both premises are occupied on separate tenancies whereby the Commercial Ground Floor unit is occupied by an African grocery business (currently 4 years remaining on the Lease to expire July 2027, with a break clause in July 2024) renting the unit for £700pcm whilst the First Floor 2 Bedroom residential accommodation is also rented for £700pcm on a periodic AST. (Rent is due to be increased to the current market value). 

Terms - The freehold interest is available to offers in excess of £350,000.

VAT - Plus VAT at the appropriate rate (if applicable).

Rateable Value - TBC.

Tenure  : Freehold

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