FOR SALE
28/04/26
3762
18567303 / Rightbiz
A substantial mixed-use investment extending to approximately 4,324 sq ft, comprising a large ground floor retail unit with 2 residential flats above.
The property is fully let, currently producing £46,700 per annum. The ground floor commercial tenant is holding over and paying a rent below current market levels.
We believe there is strong potential for rental growth, with scope to achieve circa £70,700 per annum once the retail unit is re-let at market rent.
LOCATION
The property occupies a prime position on Gloucester Road, one of the area’s most vibrant retail and leisure destinations, and a location that is highly sought after for both commercial and residential lettings. It is situated adjacent to Boston Tea Party and within close proximity to Sainsbury's Local.
OUTSIDE
Courtyard garden to the rear of the property.
LETTING DETAILS
Shop (holding over) - £11,000pa (market rent circa £35,000pa)
2 bedroom flat - £1,325pcm
3 bedroom flat - £1,650pcm
All parts of the property are let excluding bills and rates.
BUSINESS RATES
The rateable value with effect from 2026 is: £34,750.
ENERGY PERFORMANCE CERTIFICATE (EPC)
EPC ratings:
Shop - C (Valid until 19 April 2036)
2 bed flat - C (valid until May 2034)
3 bed flat - D (valid until April 2034)
FLOOR PLAN
The floor plan is provided for indicative purposes only and should not be relied upon.
VAT
All figures quoted are exclusive of VAT unless otherwise stated.
VIEWINGS
By appointment.
CONTROL OF ASBESTOS REGULATIONS
As per the Control of Asbestos Regulations 2012, the owner or tenant of the property, or anyone else who has control over it and/or responsibility for maintaining it, must comply with the regulations which may include the detection of and/or management of any asbestos or asbestos related compounds contained at the property. Maggs & Allen has not tested or inspected for Asbestos and therefore recommend all interested parties to make their own enquiries.
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