Key features
Prominent Trade Counter/Showroom Premises on a 0.20-acre site
Excellent investment/development opportunity
Current income £54,000 pa
Vacant possession available at short notice
Outline consent for 97 studio apartments
Description
The property comprises a single-storey industrial/showroom premises of traditional construction beneath a pitched roof, occupying a site extending to approximately 0.20 acres.
The property is prominently positioned on Thynne Street and benefits from good visibility and a significant level of passing vehicular traffic.
Internally, the accommodation is currently divided into a front sales and display area, with office accommodation positioned centrally within the building. The rear section provides workshop and storage accommodation, together with a mezzanine area utilised for additional/archive storage.
The sales area benefits from a suspended ceiling, whilst the workshop/warehouse accommodation includes a gas-fired blower heater and three-phase electricity. Loading access is provided by an electric roller shutter door to the front and a manually operated roller shutter door serving the rear loading area.
The property is currently occupied at a rent of £54,000 per annum under a rolling tenancy arrangement, which is subject to one month's notice.
The property is therefore available for sale either with the existing tenant in situ or with vacant possession, offering flexibility for investors, owner-occupiers and developers.
The existing planning consent also provides purchasers with the opportunity to consider the longer-term redevelopment potential of the site, subject to the terms and conditions of the consent.