Commercial Investment, St. John Street, Lichfield
1,130 Sq Ft
£400,000
Property Features
- Freehold Commercial Investment
- Prominent corner position in Lichfield
- Currently producing £21,000 per annum
- Entirely let to an individual on a lease expiring in 2038
- Gas Central Heating
- 3 car spaces
Property Summary
COMMERCIAL INVESTMENT producing £21,000 per annum
Jayman Commercial are pleased to offer this rare freehold commercial investment prominently located on St John Street in the centre of Lichfield. The property comprises a ground floor retail unit currently trading as a convenience store with a 2 bedroom flat above. The flat has it's own access from the rear and is separately metered with gas central heating.
The property is let in it's entirety for 20 years from April 2018 at a current rent of £21,000 per annum with rent reviews every 3 years. (we believe this to be under current market value allowing the buyer to increase the rent in April 2027). Three car spaces are included with the property. Offers in excess of £400,000 are invited for the Freehold interest.
Jayman Commercial are pleased to offer this rare freehold commercial investment prominently located on St John Street in the centre of Lichfield. The property comprises a ground floor retail unit currently trading as a convenience store with a 2 bedroom flat above. The flat has it's own access from the rear and is separately metered with gas central heating.
The property is let in it's entirety for 20 years from April 2018 at a current rent of £21,000 per annum with rent reviews every 3 years. (we believe this to be under current market value allowing the buyer to increase the rent in April 2027). Three car spaces are included with the property. Offers in excess of £400,000 are invited for the Freehold interest.