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The property comprises a high yielding, multi-let, retail investment forming part of a high footfall local parade.
Arranged across ground and first floors, the property is let to two tenants producing a combined income of £32,500 per annum.
The ground floor is let to St Peter's Hospice Limited on a 10 year lease expiring 14.08.2027 and paying £19,000 per annum.
The first floor is let to Viridian Storage Limited on a six year lease which expired 23.06.2023 and paying £13,500 per annum. We understand the tenant is continuing to occupy the premises and pay rent, and is therefore holding over, offering asset management potential via renewal.
The property occupies a prominent corner pitch and forms part of a popular local parade, sitting beneath a large residential block. The parade enjoys low levels of vacancy and high levels of footfall due to a number of large residential blocks in the area. The property also benefits from a prominent frontage to the busy Bath Road, and benefits from a nearby pedestrian overpass, further adding to footfall.
Tenure
Leasehold - Approx 69 Years Unexpired - Please Consult the Legal Pack
Rent