The premises comprise of a lock up shop unit and although there is a flat above our client only owns the ground floor shop and have no responsibility for the upper parts. The premises currently trade as a barber shop and are approximately 350 sq ft with rear access and a small toilet area. The tenant is Mr Scott McAdam who has traded in the premises for many years.
Offers are invited in the region of £95,000 for the freehold interest.
Income Producing Freehold Shop Investment in Small Shopping Parade in Hampden Park
The premises are situated in the small shopping parade in Queens Parade in Hampden Park, just off Lottbridge Drove and within close proximity to the Admiral Retail Park where B&Q, Halfords and Costa Coffee are situated. Queens Parade is within a short level walk of Hampden Park Railway Station which services Eastbourne, Brighton and London Victoria.
Each party is to be responsible for their own legal fees.
The current tenant has a five year effective full repairing and insuring lease from 12th November 2021 at a current passing rental of £7,500 per annum exclusive of rates and all other outgoings relating to the property. The lease is guaranteed by Elizabeth Steindl.
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