Investment for sale

The property comprises a ground floor lock-up Class E retail unit trading as Humphrey Bears Bakery, let on an effective full repairing and insuring lease for a term of ten years from November 2025 at a passing rent of £30,000 per annum. The lease provides for a fifth-year open market rent review and tenant break option. The lease is contracted out of the security of tenure provisions of the Landlord and Tenant Act 1954.
The first floor flat, known as 12a, comprises a one-bedroom flat and is to be sold with vacant possession. The block contains a further five long leasehold flats, each held on 125-year leases from 2006, subject to a ground rent of £75 per annum, doubling on every 25th anniversary of the lease.
The property fronts Commercial Way, the town centre’s pedestrianised retail pitch. Nearby occupiers include Boots, Gail’s, Marks & Spencer and Lark.
Unit Name: g | 931 sqft |