The property is split into two separate buildings, referred to as Frederick House & 28 Brewer Street.
Frederick House is a three-storey office building, comprising a mix of 7 office suites, currently let to a mix of 6 tenants, producing an annual gross income of £73,200, exclusive of VAT.
The building includes a car park with potential for re-development, or an extension to the existing building, subject to obtaining all necessary consents.
28 Brewer Street comprises 10 x Studio apartments, currently let to private individuals on AST’s (assured shorthold tenancies), producing an annual gross income of £79,200 – we understand that this building has not been elected for VAT.
Please note, a £7,000 per annum license fee is payable to the local authority for the benefit of a vehicular right of way through an LA owned car parked.
The buildings are both in a lettable condition throughout, and we understand that they were constructed during the early 1990’s.
To arrange an inspection, please contact a member of our team.View brochure