Interested Parties will be invited to place bids via a set deadline (12.00pm - 29th January) and the sale must take place via a share sale agreement (please refer to notes)
Please note - the seller is a limited company which owns only the freehold property - this will be the sale of the shares of the limited company
High Yielding Retail Investment
A freehold property
Approx. 19,111 sq ft (0.438 acres)
Prominent corner position on busy arterial road
Comprising office buildings, commercial wash bay and yard for parking vehicles.
Let to Enterprise on a 20 year FRI lease from 2024
Rent reviews every 5 years
The lease is outside the Landlord and Tenant Act 1954
The tenant has committing over £435,000 of works to redevelop the site
Further development potential (subject to requisite consents)
Investment let at £70,000 per annum (7.36% on guide price)