A 2-minute walk from the Town Centre and Harbour, the premises holds a highly visible position surrounded by a mixture of professional services, retail units and restaurants. The area has recently experienced large volumes of investment, with the Hilton Hotel Development located a few doors down and a new Premier Inn hotel being constructed on the Terrace behind. The premises are well situated to benefit from the generated footfall and high levels of traffic.
Currently let at £12,000 per annum until February 2023. The tenant holds a lease over the whole building, including the one-bedroom flat, which is currently sublet with separate access.
The existing tenant does not wish to renew their lease, and vacant possession may be available prior to February 2023. This presents opportunity for a buyer to separately let the residential and commercial elements in future – increasing rental income.