Commercial Sold
DESCRIPTION
Residential
The residential accommodation comprises of three 2-bedroom maisonettes. Two of the units benefit from roof top terraces. Each are fully self-contained and could potentially be separated on long-leasehold basis.
They are in good order and have been occupied under Assured Shorthold Tenancy agreements by the same tenants for several years.
Commercial
Parade of three shops occupied by The Place Caf鬠The Gifted Company and The Oxford Mill, full lease details are available from the selling agents. Each of the occupiers is well suited to Castle Cary.
The Place Caf頣omprises of serving and dining area, kitchen and WCs, extending to approximately 790ft2. Occupied under renewal lease dated 12th October 2020 for a 10 year term.
The Gifted Company, mid-terrace retail unit, extending to approximately 935ft². There is a further separate storage building to the rear. Situated within courtyard Currently holding over under expired 10-year term, lease dated 10th August 2010. 3 yearly reviews.
The Oxford Mill is a lock up retail unit of L-shape configuration, WC and changing area. Extending to approximately 560ft2. Currently holding over under expired 5 year term, lease dated 15th April 2011. 3 yearly reviews.
Method of Sale
The whole property is being offered for sale by Private Treaty however expressions of interest in parts may be put forward. There is also additional land situated to the rear of the properties, as hatched blue, which may be available by separate negotiation.
SERVICES
Mains electricity, water and drainage are connected. Separate services are connected to each of the flats and retail units. Interested parties should satisfy themselves.
OUTGOINGS
Council Tax Band:
Flat 1 – B
Flat 2 – B
Flat 3 – B
Business Rates: Rateable Value* Small Business Rate Relief may apply to occupiers:
- £7,000
- £8,000
- £5,000
Tenure: Please confirm with Cooper and Tanner Commercial whether this property is freehold or leasehold
