Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a prime, high yielding, retail investment occupying a prominent corner pitch and let to Hays Travel.
Arranged as a ground floor retail unit with offices and amenity space to the first floor, the property is let to Hays Travel Limited on a 10 year lease expiring 24.03.2032 and paying £30,000 per annum.
The property occupies a prime corner pitch fronting the pedestrianised Market Place with a return frontage to Market Street. The street benefits from high footfall and is characterised by a number of national retailers including Greggs, TUI, JD Wetherspoon, Waterstones and Starbucks.
Tenure
Long Leasehold - New 999 Year Lease at Peppercorn Rent
Tenancy
The property is let to Hays Travel Limited on a 10 year lease expiring 24.03.2032 and paying £30,000 per annum.
The lease is on internal repairing and insuring terms and includes a rent review and tenants break option in the 5th year.
Hays Travel Limited
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC)