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The property comprises a high yielding retail investment occupying a prime pedestrianised pitch and let to New Look, one of the UKs best known fashion retailers.
Arranged across ground and first floors, the property is fully let to New Look Retailers Limited, a long standing occupier, on a five year lease expiring 06.10.2027 and paying £50,000 per annum. The lease includes a Turnover Rent equivalent to 6% of the stores net sales the rent is the greater of either the base rent, or the turnover rent. The tenant did not serve their 2025 break option displaying continued confidence in the location.
The property occupies a prime pitch on the pedestrianised Church Street, the principal retail amenity in St Helens, the surrounding area is characterised by a number of national retailers including Card Factory, Costa and McDonalds, the entrance to Lagrange Arcade is immediately opposite.
Tenure
Freehold
Tenancy
The property is let to New Look Retailers Limited, a long standing occupier, on a five year lease expiring 06.10.2027 and paying £50,000 per annum.
The lease includes a further Turnover Rent equivalent to 6% of the stores net sales and the tenant did not serve their 2025 break option, displaying confidence in the location.
The lease is on full repairing and insuring terms and is contracted within the security of tenure provisions of the 1954 Landlord and Tenant Act.
New Look Retailers Limited
Rent
Notes
Please note, the yellow line drawing shows an area of the property which extends above the neighbouring property at first floor level. This will therefore be a "flying freehold". Please see the Legal Pack for more information.