Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment opportunity let on a new lease to a sandwich shop.
Arranged across ground floor only, the property is let to FTK Group Limited (with a personal guarantor) on a new six year lease expiring 31.01.2032 and paying £6,500 per annum. We understand a rent deposit of £1,350 is held.
The property occupies a prominent pitch with a frontage to Ashley Road; an arterial route and the principal retail amenity for Parkstone, an affluent Poole suburb. The street features a variety of local and national retailers, including Iceland, Greggs and Waitrose.
Tenure
Leasehold - 999 Year Lease at Peppercorn Rent
Tenancy
The property is let to FTK Group Limited (with a personal guarantor) on a new six year lease expiring 31.01.2032 and paying £6,500 per annum. The lease is on effective full repairing and insuring terms (via service charge) and we understand a rent deposit of £1,350 is held.
The initial rent under the lease is £5,400 per annum, with fixed rental uplifts to the headline rent of £6,500 per annum. The Vendor will "top up" the rent from completion to the full headline rent. Please see the legal pack for more information.
Rent