Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to Headway and occupying a prime pedestrianised pitch.
Arranged across ground and first floors, the property is let to Headway, a national charity, on a five year lease expiring 16.07.2029 and paying £14.500 per annum. (£6.87 per sq ft)
We consider the property offers evident asset management potential via the 2029 rent review, with the nearby 7 Market Street recently letting for £20,000 per annum reflecting £19.01 per sq ft.
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 leases 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
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.