Freehold Retail Investment
Freehold Retail Investment
The property is situated in the town’s prime pedestrianised retail thoroughfare on the west side of Station Road. Neighbouring occupiers include Domino’s Pizza, Betfred, Peacocks, Trespass and Boots the Chemist. The property also benefits from its close proximity to Bay View Shopping Centre, which houses tenants including Iceland, Morrisons, Costa and Argos.
Freehold.
The property is situated in the town’s prime pedestrianised retail thoroughfare on the west side of Station Road. Neighbouring occupiers include Domino’s Pizza, Betfred, Peacocks, Trespass and Boots the Chemist. The property also benefits from its close proximity to Bay View Shopping Centre, which houses tenants including Iceland, Morrisons, Costa and Argos.
Freehold.
The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property, an attractive mid terrace three storey building, comprises a ground floor retail unit with ancillary accommodation at first and second floors.
VAT is not applicable to this lot.
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 Second Basement |
Retail Ancillary Ancillary Ancillary |
190.84 sq m 85.97 sq m 88.04 sq m 13.47 sq m |
(2,054 sq ft) (925 sq ft) (948 sq ft) (145 sq ft) |
WH SMITH RETAIL HOLDINGS LIMITED (1) |
5 years from 05/08/2018 on a full repairing and insuring lease (2) |
£16,750 | 04/08/2023 |
| Total |
378.32 sq m |
(4,072 sq ft) | £16,750 | ||||
(1) For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 30/07/2018).
(2) The lease provides for a tenant option to determine the lease on 04/08/2021.
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