(GROSS YIELD 12%)
6 Week completion
Located within the heart of the town centre within the Angel Pavement Shopping Precinct which provides one of the main links from the High Street to Market Place & Market Hill and a pay-and-display car park.
Nearby multiples include Savers, Scrivens, Store Twenty One, Barnardo's, Boots and WH Smith.
Royston is an attractive market town at the intersection of the A10 and A505 enjoying easy access to Junction 10 of the A1(M) some 15 miles north-east of Stevenage.
Forming part of a modern terraced building comprising a Ground Floor Shop with a communal rear service area for unloading.
Ground Floor Shop
Gross Frontage 22'2"
Internal Width 20'0"
Shop Depth 16'5"
Built Depth 19'8"
VAT is applicable to this Lot
Leasehold for a term of 999 years from 17th January 2017 at a Peppercorn ground rent.
The property is let on a full repairing and insuring lease (by way of service charge) to Keatons Interiors Ltd as a Kitchen/Bathroom Interiors Showroom for a term of 12 years from 30th September 2016 at a current rent of £14,500 per annum exclusive.
Rent Reviews 3 yearly