CPH are pleased to bring to market this COMMERCIAL INVESTMENT which currently grosses circa £32,224pa. The block is CENTRALLY LOCATED on Newborough / St Nicholas Street and is a 5 minute walk to the South Bay.
The property is split as follows: -
21 Newborough. Commercial - Let to Coral Racing Ltd (co no: 541600). £20,000pa paid quarterly in advance. 10 Year commercial lease. Expires 2nd November 2023.
EPC Band - D (Expires )
A ground floor bookmakers with customer toilet, staff area and staff toilet to the rear. External door to rear yard area. The property also has a basement which is accessed via a hatch to the mid section of teh ground floor sales area.
3a St Nicholas Street - Flat 1 - Let on an AST at £110 per week (£5,720pa).
EPC Band - C (Expires June 2031)
A first floor apartment, accessed from an alleyway off St Nicholas Street with 3 bedrooms, hall, lounge, kitchen and bathroom.
3a St Nicholas Street - Flat 2 - Let on an AST at £1626 per quarter (£6,500pa).
EPC Band - D (Expires June 2031)
A second floor apartment, accessed from an alleyway off St Nicholas Street, arranged over two levels, with 4 bedrooms, hall, lounge, kitchen and 2 shower rooms.
The property is zoned for Selective Licensing. The scheme requires landlords who privately rent out properties in the designated area to obtain a licence from the council. Landlords will be required to meet a range of licensing conditions, including safety checks, and that they have appropriate management arrangements in place. The property is managed by CPH Estate Agents Ltd.
Viewing is strictly via the sole agents, CPH Property Services. To arrange a viewing, please contact CPH on 01723352235 or visit our website www.cphproperty.co.