Bidding opens Monday 9th February 2026 at Midday and closes Wednesday 11th February 2026 at Midday.
Description
Freehold Shop and Residential Ground Rent Investment
An opportunity to acquire a substantial freehold unit measuring approximately 1,851 sqft/ 171.96 sqm, which is positioned within a parade of similar units with a rear access service road and benefiting from having national and local occupiers. Good access is also offered to the A48/M4 along with the City Centre from the property.
The ground floor commercial element is currently let to Done Brothers (Cash Betting LTD) at £29,500 per annum. We are advised that the current tenant is holding over from the original lease, which is expired back in 2023, a section 25 notice has been issued for a new 10-year lease at £29,500 per annum, please refer to the legal pack for confirmation.
The two residential units positioned on the upper floors have been sold off on long leases, with 8A having 99 years from the 29th September 1988 with a ground rent of £100 per annum being payable, and 8B having 99 years from the 2nd June 2008 with £100 per annum being payable. Therefore, the residential elements offer a strong reversionary value and the total combined income totals £29,700 per annum. We also believe that no VAT will be payable in addition to the purchase price, please refer to the legal pack for confirmation of this along with current tenancies and income.
Lease Information Flat 8A - 99 year lease from 29/09/1988, £100.00 ground rent per annum.
Flat 8B - 99 year lease from 02/06/2008, £100.00 ground rent per annum.
Council Tax Band - Flats - A
Tenure: Freehold
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
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- Unconditional (Immediate Exchange)
Call the team on 01633 212 555 for more information
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