The opportunity to purchase a prominent Ground Floor retail unit with a two apartments on the upper floors.
The majority of the property is currently tenanted so the purchase of Richard's would be ideal for investors or owner occupiers alike.
Richards is located on Victoria Street which is Alderney's main retail street.
The property comprises of Ground Floor retail unit which is accessed directly from Victoria Street. The retail demise also includes a substantial basement which is used for storage.
The apartments are accessed via a separate entrance on Olivier Street with windows overlooking Victoria Street and comprise of the following:
The Ground Floor retail unit is currently let on a 20 year internal repairing and insuring lease to Alderney Post, the lease expires on the 7 September 2029. The passing rent is £12,900 per annum.
Apartment 1 is currently let on a rolling lease and the passing rent is £5,400 per annum. Apartment 2 is currently vacant.
The one bedroom apartment is located on the First Floor, comprises of a lounge, kitchen, bathroom and bedroom.
The two bedroom apartment is located on the Second Floor, comprises of a lounge, kitchen, bathroom and two bedrooms.
The freehold of the property is available with the benefit of the existing lease in place.
The property can be purchased for £389,000.
The property can be purchased immediately.
Each party to bear their own legal costs.