Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to the undoubted covenant of Card Factory.
Arranged across ground and three upper floors, the ground floor is let to Sportswift Limited on a lease expiring 11/11/2024 and producing £16,000 per annum. The upper parts are sold off on a long leasehold basis.
The property is situated with a prominent frontage to Devonshire Road, the principal retail amenity within Bexhill-on-Sea. Nearby occupiers include Boots, Savers and Iceland Supermarkets.
Tenure
Leasehold - New 999 Year Lease at Peppercorn Rent
Tenancy
The ground floor is let to Sportswift Limited (t/a Card Factory) on a lease expiring 11/11/2024 and producing £16,000 per annum. The lease is on full repairing and insuring terms.
The upper parts are in residential use and are sold off on a long leasehold basis, expiring 21/12/2109 (approx. 85 years unexpired).
Sportswift Limited
Sportswift Limited is the principal ownership company for the Card Factory brand. The business is a mainstay of the UK High Street with over 1,000 stores in the UK and Ireland.
Rent