Lot 28 details
6 WEEK COMPLETION
REVERSIONARY GROUND RENT INVESTMENT
Located within this established retail parade, amongst a variety of multiples that include McColl's, Greggs, Cash Generator, Iceland, Pizza Hut, Aldi as well as a host of local traders, all serving the surrounding residential area.
Southmead is a suburb of Bristol which is one of the main commercial centres of the west of England, approx. 35 miles west of Swindon, 12 miles north-west of Bath and enjoys excellent road links via the M32 and A4 which link to the M4 and M5 respectively.
A mid terraced building comprising a Ground Floor Shop with separate rear access to a Self-Contained Flat on the first and second floors.
Ground Floor Shop
Gross Frontage 17'6"
Built Depth 45'0"
First & Second Floor Flat
Not Inspected - believed to be 3 Rooms, Kitchen, Bathroom/WC
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to K. M. Lakhani and B. K. Lakhani t/a Paragon Hairdressing & Barbers for a term of 99 years from 24th June 1951 at a current rent of £45 per annum exclusive.
Reversion in approx. 32 years.