Marina Views

FOR SALE

SUBSTANTIAL COMMERCIAL PREMISES EXTENDING TO CIRCA 744m2 SET ON A LARGE SITE WITH OFF-STREET PARKING

• Two ground floor units
• Recently upgraded internally and in good condition
• Off-street parking for seven vehicles
• Public carpark nearby (Ocean Spa Plaza)
• Partly leased out

Location

Situated close to Marina Bay, Ocean Village and within walking distance to the town centre.

Description

A versatile open-plan commercial premises with enormous potential, comprising of two self-contained units with a total internal floor area of c.744 sqm. Part of the unit is leased to a gymnasium and the remaining space of c.362 sqm has been recently renovated with new flooring, ceiling, lighting, bathroom and kitchenette. All trunking and infrastructure have been installed ready for bespoke fittings.

There is an internal cambered roof made of corrugated iron providing high ceilings and a light and airy feel. The space up to and including the roof will be included in the sale. The property benefits from three separate entrances.

Fully let this property should achieve an annual rental income of £197,000 and a yield of approximately 5.6% per annum.

Ground Rent: £1,780.50 pa.

Rates: £TBC