Comprises a character four storey building with basement providing bar/restaurant on ground and basement and residential on the upper three floors.
The ground floor and basement trade as a bar restaurant called The Power Station. The ground floor has seating for 40 covers and benefits from wood flooring, wall lights, disabled WC and some outside seating. The basement comprises cooking area and storage with ceramic floor and two WCs.
The upper parts comprise a one bed flat on the first floor and a two bed maisonette on 2nd and 3rd floors which are sold off on long leases.
The first floor flat is let for a term of 99 years from 29th September 1985 with approximately 68 years remaining. There is a ground rent payable of £50 per year for 1st 33 years rising to £100 per annum for next 33 years and £150 per annum of remaining 33 years.
The maisonette has a long lease to September 2174. We understand that the ground rent is £50 per annum currently and will rise to £100 per annum after 33 years and £150 per annum for the remainder of the term.