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Floorplan
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    Key features

    • To be offered on Thursday 30 May
    • High Yielding Retail Investment
    • Ground Floor Shop and Upper Parts
    • Let to Original Factory Shop
    • Lease Expires August 2033
    • Producing £30,000 per annum
    • Rent Rebased From £55,000 per annum
    • 9,279 sq ft (862.02 sq m)
    • Prominent Established Trading Location
    • Guide Price Reflects 13.6% Gross Yield

    Description

    The property comprises a high yielding retail investment let on a 10 year lease to The Original Factory Shop currently producing £30,000 per annum and expiring August 2033.

    Arranged across ground and first floor and benefitting from a large glazed frontage with multiple display windows and partially recessed entrance.

    Access to the upper floor is gained via a centrally located staircase offering extensive sales and storage areas along with staff facilities, office and toilets. The property also benefits from a rear loading bay and a shared access yard.

    Additional information

    Tenure

    Freehold

    Accommodation

    • Ground Floor - 2,605 sq ft (242 sq m)
    • First Floor - 6,674 sq ft (620 sq m)
    • Total - 9,279 sq ft (862 sq m)

    Tenancy

    Let to The Original Factory Shop until August 2033 and currently producing £30,000 per annum. We understand the current lease is a renewal of a previous lease, with the rent being rebased from £55,000 per annum.

    Rent

    £30,000 per annum

    Notes

    Please note the approximate areas have been provided by the VOA and the property has not been internally inspected by Savills. The photos and yellow line drawings are for illustrative purposes only and may not reflect the exact boundary of the site.




    Joint Agent

    Jas Aujla

    jas@tsapc.co.uk

    07810 717 229

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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