Investment property, commercial basement

A leasehold commercial investment opportunity located in the basement of 30 Mary Ann Street, an impressive former Georgian townhouse, having a dedicated entrance on Mary Ann Street and producing £34,728.75 per annum (no VAT) held on a 6-year term from 28/09/2022 to 27/09/2028, trading as a Thai restaurant. The premises extend to approximately 2,960 sq ft (Valuation Office figures). Underlease: An underlease for a term of 99 years and 3 days commencing 01/01/1986 leaving 59 years remaining. Ground rent: The ground rent is £175.00 for the first 25 years rising to £1,050 for the next 25 years, then £2,100 for the next 25 years and £4,200 in the final 24 years. The property sits on Mary Ann Street on the corner of St Pauls Square, giving it one of the most sought-after locations within the city. The local area comprises a vibrant mix of restaurants, bars, offices, and apartments. On-street parking is available within the vicinity.