Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated in a strong retailing position on the east side of pedestrianised Union Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island.
Freehold.
The property is prominently situated in a strong retailing position on the east side of pedestrianised Union Street, the town’s prime retail thoroughfare. Neighbouring occupiers include Primark, H&M, WH Smith, H Samuel, JD Sports and River Island.
Freehold.
The property comprises ground and first floor retail accommodation with ancillary accommodation on the second floor. The property benefits from rear access via Pimlico.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground and first floor retail accommodation with ancillary accommodation on the second floor. The property benefits from rear access via Pimlico.
VAT is not applicable to this lot.
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 | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Retail/Ancillary Retail/Ancillary Ancillary |
479.92 sq m 224.45 sq m 204.29 sq m |
(5,166 sq ft) (2,416 sq ft) (2,199 sq ft) |
WATERSTONES BOOKSELLERS LIMITED (1) |
Approximately 31 years & 10 months from 09/05/2014 until 27/03/2046 on a full repairing and insuring lease |
£152,500 | 25/03/2018 and 25/03/2032 |
| Total |
908.66 sq m |
(9,781 sq ft) |
£152,500 | ||||
(1) For the year ending 29th April 2017, Waterstones Booksellers Limited reported a turnover of £387,973,000, a pre-tax profit of £19,157,000 and a total net worth of £1,756,000 (Source: Experian Group 12/4/2018). Waterstones currently trade from over 280 stores nationwide. Waterstones have recently been acquired by US Hedge Fund, Elliot Advisors.
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