property
The subject property lies centrally located to the eastern side of Cannock Road, close the A460 Old Hednesford Road, approximately 1½ miles north east of Cannock Town Centre. The property benefits from its prominent position and in close proximity to a well established residential area. As such, the property is considered to occupy a good trading position for its existing use.
The property comprises a two storey brick end terraced retail unit with first floor residential accommodation. The property is currently used as a Fish & Chip shop takeaway with the benefit of a large retail area, kitchen, preparation area, there are three ancillary stores with a further small kitchen and wc.The first floor comprises a two bedroomed flat, kitchen, lounge and small office, bathroom and wc.The property also benefits from a large car park to the rear with approximately 0.1 acres and there is an advertising hoarding on the gable end of the property which currently produces £300 per annum.
Commercial Investment
A Freehold Retail Investment Opportunity within a busy High Street parade with additional land to the rearCurrent Rent Passing: £17,200 pa.
We understand that the property is Freehold, subject to a Lease for a term of 15 years with effect from the 31st March 2005 with provision for a rent review every 3rd year. We understand that the Lease was assigned on 24th July 2012.
Full details will be available within the legal pack.
VAT will not be chargeable on this transaction.
Strictly by arrangement with the Auctioneers. Please contact Ian Tudor on 0121 237 4850.
