32-33 Comberton Hill
32-33 Comberton Hill, Kidderminster, Worcestershire, DY10 1QN
Location:
Property is located on the north side of the A448, Comberton Hill, Kidderminster to the east of Kidderminster Town Centre and close to the junction of the A451 Ring Road.
Description:
The property consists of a ground floor take-away restaurant, first floor flat and 6 Bed HMO. The ground floor consists of servery, customer toilets, prep area, three walk-in fridge/freezers, further storage, staff room and staff toilets. The property benefits from on street parking immediately outside.
Tenure:
Property is for sale, subject to the occupational tenancy/licences.
The ground floor and flat are let to Sheena Group Ltd on a tenancy that expires in August 2039 (approximately 14 years unexpired). The lease is guaranteed personally. The rent is £24,000 but steps up to £26,000. There is a tenant break in 2029 (approximately 4 years until break) . The lease is subject to reviews in 2029 and 2034.
The HMOs are let on monthly licences
1) £85
2) £84
3) £85
4) £85
5) £78
6) £78
Per calendar week
Total Gross flat income is £495 per week. This equates to £25,740 per annum gross. Annual costs are in the region of £3,000.
Total Gross income approximately £49,740.
- Gross income produced
- Takeaway Tenant Trading as Dixy Chicken