37-37a Outram St

Price is £93,500 or the freehold.
The ground floor of the property is currently vacant and is being marketed TO LET. The asking rental for the ground floor is £6,250 per annum exclusive. The first floor of the property is let to Carriage Solutions Limited (Company No. 10331425) for a term of six years from 13th June 2022 therefore expiring 12th June 2028. There is a tenant-only break clause on 13th June 2025 and an open market rent review on 13th June 2025. The current rent passing is £1,950 per annum exclusive, paid quarterly. The tenant is responsible for all future internal repairs, maintenance and decoration. The landlord is responsible for repairing, maintaining and decorating the external and common parts of the property and recovers the cost from the tenants by way of a fixed service charge. The current service charges are £1,200 per annum for the ground floor; and £600 per annum for the first floor. The service charges are adjusted annually for RPI on an upwards only basis. The tenants are each responsible for reimbursing the landlord 50% of the annual buildings insurance premium each year. This year’s insurance premium is available from the agents upon request.