Retail Investment For Auction Nottinghamshire S80

Guide price £125,000. A two storey mid terraced retail premises, situated in a prime position on a main retail thoroughfare with a variety of other retailers. The property benefits from a 999 year lease for rights to use the passageway to the rear of the property for refuse disposal, fire escape and deliveries, at a rental of £1,656 per annum, which is recovered from the tenants in addition to the rental. The property is let on a full repairing and insuring lease for a term of three years from July 2023, expiring  July 2026, at a rental figure of £17,500 per annum, subject to a break clause in 2025. Freehold – Subject to the existing tenancy.