The Property
A mixed-use income-producing freehold investment, comprising a Grade II Listed former cinema, configured as a commercial unit across ground and first floors, with three residential flats above.
Positioned on Well Hall Roundabout, the property benefits from high visibility and accessibility.
The commercial unit extended circa 6,700 sqft, and is let to a franchisee of ‘Energie Fitness’ under a 15 year Full Repairing and Insuring lease (with approximately 11 years un-expired). The lease includes five-yearly, index-linked rent reviews, with no break options.
The upper floors contain 3 self-contained residential flats (2 x one beds & 1 x two bed) all let to private tenants on Assured Shorthold Tenancies.
The building measures circa 11,000 sqft, and at the point of sale had a total passing rent of £122,200 per annum, and an Estimated Rental Value of £160,000 per annum.
Location
