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The property comprises a high yielding retail investment opportunity let to Max Spielmann and occupying a prime pedestrianised pitch.
Arranged across ground and first floors, the property is fully let to Photographic Retail 2008 Limited t/a Max Spielmann on a five year lease expiring 30.06.2028 and paying £14,000 per annum.
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
Tenancy
The property is let to Photographic Retail 2008 Limited t/a Max Spielmann on a five year lease expiring 16.08.2028 and paying £14,000 per annum.
The tenant commenced occupation in 2017 and therefore the current lease is a renewal of a previous lease.
The lease is on full repairing and insuring terms and includes a tenant break option in 2026.
Photographic Retail 2008 Limited is a dormant company now majority owned by Max Spielmann Limited
Max Spielmann Limited