(GROSS YIELD 10%)
6 Week completion
Located within this picturesque village only a few hundred yards from Market Place and the High Street where shopping facilities can be found, including a Post Office, Nisa Local and Londis, serving the surrounding residential population.
The property is conveniently situated on the main A1033 approximately 4 miles south-west of Withernsea and 13 miles east of Hull.
A substantial end of terrace building comprising a Ground Floor Children's Nursery with internal access to Residential Accommodation on the first floor. The property includes a rear External Play Area and benefits from side vehicular access.
Ground Floor Nursery
Gross Frontage 54'1"
Built Depth 46'9"
GIA Approx. 2,160 sq ft
First Floor Residential Accommodation
4 Bedrooms, Living Room, Kitchen, Bathroom/WC
GIA Approx. 1,188 sq ft
Total GIA Approx. 3,348 sq ft
VAT is NOT applicable to this Lot
The entire property is let on a full repairing and insuring lease to Beanstalks Day Nursery Patrington Limited, H. Archer & Z. Graham as a Day Nursery & Kids Club for a term of 5 years from 4th March 2016 (renewal of a previous lease) at a current rent of £18,000 per annum exclusive.
Note: £1,200 Rent Deposit held.