Freehold Retail Investment
Freehold Retail Investment
Diss is an attractive historic market town located approximately 23 miles to the south of Norwich. The property is situated in the heart of the town centre on the east side of the pedestrianised Mere Street which extends directly to Market Place. Neighbouring occupiers include Superdrug, Greggs, Natwest, Specsavers,
Nationwide and The Carphone Warehouse.
Freehold.
Diss is an attractive historic market town located approximately 23 miles to the south of Norwich. The property is situated in the heart of the town centre on the east side of the pedestrianised Mere Street which extends directly to Market Place. Neighbouring occupiers include Superdrug, Greggs, Natwest, Specsavers,
Nationwide and The Carphone Warehouse.
Freehold.
The property forms part of a highly prominent high street parade comprising ground floor retail accommodation with first floor ancillary accommodation. There is no internal access between the ground and first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property forms part of a highly prominent high street parade comprising ground floor retail accommodation with first floor ancillary accommodation. There is no internal access between the ground and first floor.
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 | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
86.40 sq m 45.52 sq m |
(930 sq ft) (490 sq ft) |
PHONES 4U LIMITED (1) |
10 years from 08/03/2013 until March 2023 on a full repairing and insuring lease (2) |
£20,000 |
08/03/2018 |
| Totals | 131.92 sq m |
(1,420 sq ft) |
£20,000 | ||||
(1) For the year ending 31/12/2011, Phones 4U Limited reported a turnover of £773,305,000, pre-tax profits of £113,427,000 and a total net worth of £303,386,000. (Source: www.riskdisk.com 26/04/13)
(2) The lease provides for a tenant option to determine the lease on 07/03/2018.
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