The property offers both commercial and residential over the basement, ground, first and second floor. The commercial space is let to 'Hooray; a party planning company (not currently in occupation), over the ground floor and basement with a yard to the rear. The first and second floor flat offers four bedrooms, reception room, kitchen, bathroom and shower room. This is let on an AST that expires in August 2022.
The commercial unit is let on a 10-year FRI lease from the 29th September 2016, at a rent of £17,500 per annum, there is a mutual option to break in September 2021, upon providing 6 months written notice. N.B. The tenants are not currently in occupation.
The upper parts are on a company let at £32,400 per annum to Equinox, expiring in August 2022. We understand that a 35% rent reduction has been agreed for a period of 12 months, which is due to expire shortly.