Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding convenience store investment let to Morrisons Daily and comprising the principal grocery amenity for a large residential area of Haywards Heath.
Arranged across ground and first floors on a site of 0.25 acres (0.103 hectares) the ground floor is let to Alliance Holdings Limited (t/a Morrisons Daily) on a 10 year lease expiring 08.09.2029 and producing £68,000 per annum. The tenant did not exercise their 2024 break option displaying confidence in the location. The upper parts comprise residential accommodation sold off on a long leasehold basis.
The property occupies a prominent pitch with a large car park and comprises the principal grocery amenity for the surrounding residential area with the nearest supermarkets being in the town centre approx. 1 mile away. The surrounding area is principally residential with a local retail parade immediately adjacent.
Tenure
Freehold
Tenancy
Alliance Property Holdings Limited
Morrisons took over approx. 1,100 McColl's Retail Group stores in 2022 via Alliance Property Holdings. The company is part of the Morrisons Group and have reported the below Turnover figures to date:
Source: ICANS
Rent
Notes
Please note the GF and LGF let to Alliance Property Holdings Limited totals 8,296 sq ft (771 sq m).