Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated on the east side of the High Street, adjacent to Lloyds Pharmacy in the busy town centre. Nearby occupiers include Heron Foods, Poundstretcher, Barclays Bank and Holland & Barrett.
Freehold.
The property is prominently situated on the east side of the High Street, adjacent to Lloyds Pharmacy in the busy town centre. Nearby occupiers include Heron Foods, Poundstretcher, Barclays Bank and Holland & Barrett.
Freehold.
The property comprises retail accommodation on the ground and first floors. The property benefits from a large frontage and from rear access via Clwyd Street.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises retail accommodation on the ground and first floors. The property benefits from a large frontage and from rear access via Clwyd Street.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
518.75 sq m 256.60 sq m |
(5,584 sq ft) (2,762 sq ft) |
BRITISH HEART FOUNDATION (1) |
10 years from 24/5/2017 on a full repairing and insuring lease (2) |
£45,000 | 23/5/2027 |
| Totals |
775.35 sq m |
(8,346 sq ft) |
£45,000 | ||||
(1) For the year endng 31st March 2017, British Heart Foundation reported a pre-tax profit of £38,100,00 and a total net worth of £78,700,000 (source: Experian Group 7/11/2017).
(2) The lease provides for a tenant option to determine the lease on 24th May 2022 subject to 6 months’ written notice.
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