Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to an established local business on a new three year lease.
Arranged across ground and first floors, the property is let to Beck's Collectts Limited on a new three year lease expiring 26.02.2028 and paying £10,000 per annum.
The lease includes the upper parts which are used as ancillary/storage space, but we consider there may be potential to convert to alternative uses, including residential (subject to the existing lease and any requisite consents).
The property benefits from a prominent pitch fronting the prime, pedestrianised, Market Street. Nearby occupiers include Greggs, Boots, Holland & Barrett and Subway.
Tenure
Freehold
Tenancy
The property is let to Beck's Collects Limited on a new three year lease expiring 26.02.2028 and paying £10,000 per annum.
The lease is on full repairing and insuring terms and includes a tenants break option 27.08.2026.
The lease is outside of the Security of Tenure provisions of the Landlord and Tenant 1954 Act.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).
Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.