Freehold Retail Investment
Freehold Retail Investment
The property is situated in the prime pedestrianised town centre. Other nearby retailers include The Quedam Shopping Centre, Boots the Chemist, Specsavers and Waterstones.
Freehold.
The property is situated in the prime pedestrianised town centre. Other nearby retailers include The Quedam Shopping Centre, Boots the Chemist, Specsavers and Waterstones.
Freehold.
The property comprises a ground floor retail unit with a mezzanine floor and three further floors above.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with a mezzanine floor and three further floors above.
VAT is 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 | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Ground Mezzanine First Second Third |
Retail Storage |
325.65 sq m 125.09 sq m 16.36 sq m 312.27 sq m 101.39 sq m 58.55 sq m |
(3,504 sq ft) (1,346 sq ft) (176 sq ft) (3,360 sq ft) (1,091 sq ft) (630 sq ft) |
Entirely let to BRITISH HEART FOUNDATION (1) |
10 years from 11/07/2011 to and including 10/07/2021 |
£70,000 (2) | 11/07/2016 |
| Totals | 939.31 sq m |
(10,107 sq ft) |
£70,000 | ||||
(1) British Heart Foundation is a leading UK charity established in 1961 and currently trade from approximately 642 shops, which include furniture and electrical stores. In addition they operate an on-line store. Website Address: www.bhf.org.uk
(2) Under the terms of the lease, the rent for the first three years is £65,000 pax, rising to £70,000 pax in year 4. The seller will top up the rent so that the property will effectively produce £70,000 per annum from the completion of the sale.
(3) The property has approximately £100,000 of capital allowances available.
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