The subject property is comprised of 5 retail units with commercial uppers on the first floor & an office unit (Norton House) sold off on a long lease at the rear (67 years remaining). The commercial units measure a total of 4658sqft and are in good condition throughout. 4 of the units are currently let producing £108,850pa with one unit currently in the market to be re-let with GCW Property Consultants. We understand the Estimated Rental Value (ERV) for this unit to be c.£32,500pa. There is potential to convert the commercial uppers and build further floors above for residential development above (STPP). The office unit at Norton House is sold off on a long lease however still pays a rent of £1,825pa to the landlord.
Finn Robertson
Tom Luck
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