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The property comprises a high yielding retail investment opportunity in the pedestrianised heart of Waterlooville.
Arranged across ground and first floors, the property is fully let to Boots UK Limited for a term of five years expiring June 2027 and paying a rent of £45,000 per annum. We understand this is the latest in a series of lease renewals by this tenant, with their original occupation commencing in 1971.
The property occupies a prime pitch with a prominent frontage to the pedestrianised London Road. Dukes Walk Shopping Centre and car park (approx. 200 spaces) is to the rear of the property, whilst Wellington Way is opposite. We understand applications for a comprehensive mixed-use redevelopment of Wellington Way have been submitted. Nearby occupiers include Superdrug, Holland & Barrett and Iceland.
Tenure
Freehold
Tenancy
The property is let to Boots UK Limited on a Five Year Lease expiring 09/06/2027 and paying a rent of £45,000 per annum. The lease is on full repairing and insuring terms with no breaks.
Boots UK Limited
Boots is one of the UKs best known High Street names with over 2,100 stores and a history spanning 175 years.
Rent
Notes
Please note Savills Auctions have not inspected the property. Any drawings, plans, areas and photographs are for illustrative purposes only and purchasers should rely on their own enquiries.