95-97 Humberstone Gate

The property is held on a freehold basis, subject to the following tenancies; 1) Ground floor retail unit T/A Grizzlers let on 17th December 2014 for a term of 15 year expiring 16th December 2029 at a rental of £12,000 per annum. The lease provides for upwards only rent reviews to operate at 5 yearly intervals. The December 2024 review has not been implemented. 2) Ground floor retail unit with basement T/A Yara Turkish Meze Restaurant let on 1st January 2020 for a term of 10 years expiring 31st December 2029. The rent passing is £18,000 per annum paid monthly on the first of each month. The lease provides for upwards only rent reviews to operate at 3 yearly intervals and the next review is 1st January 2026. We understand the residential accommodation is currently producing an aggregate rental income of £174,240 per annum, inclusive of WIFI, water and electric which is paid for by the landlord. Proposal This valuable mixed use commercial investment is available for £2m, which would show to the buyer an initial gross yield of 8.22%.