High Yielding Retail Investment

The property comprises a retail shop and self-contained flat, arranged over the ground and first floors. The shop fronts the parade and is accessed directly from Catcote Road, while the flat benefits from its own private access located to the rear of the property along Walpole Road. The retail space offers an open-plan layout finished to a good specification, featuring suspended ceiling tiles, recessed lighting panels, a carpeted floor, and staff welfare facilities. The ground floor is let to Coral Racing Limited, which in turn has sublet the space to Alice House Hospice. The lease runs until 2nd February 2027 at a passing rent of £12,500 per annum. Terms have been agreed directly with Alice House Hospice to enter into a new 10-year lease with a break option at the fifth anniversary. The first-floor self-contained flat is let on an assured shorthold tenancy generating £5,500 per annum, bringing the current total rental income to £18,000 per annum. The accommodation comprises a ground floor area of approximately 1,125 sq ft (104.55 sq m) and a first floor area of approximately 872 sq ft (81 sq m), providing a total floor area of approximately 1,997 sq ft (185.55 sq m). Please note that approximate areas have been provided by the VOA, vendor, or EPC, and the property has not been internally inspected by Savills. Photographs and boundary drawings are for illustrative purposes only.