Freehold

Opportunity to acquire a rare freehold asset, as the building hasn't been marketed for 19 years

Situated on Power Road, a key commercial hub for the immediate area

Attractive converted former warehouse with an art deco façade

14,244 sq ft NIA on a site measuring 0.47 acres including 7 car parking spaces

The property is split into 6 studios, with the two larger units measuring c.4,400 sq ft each

Multi-let to four tenants with a total net rent passing (including rental top up and car parking) equating to £336,644 per annum reflecting reflecting a low rent psf of £23.63 psf

Unit C4 is currently under offer on a new letting and Unit C1 has a lease extension in progress.

Rolfe Judd feasibility undertaken to potentially increase the massing up to 36,942 sq ft NIA, subject to obtaining the necessary consents

EPC – B