Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a prime, high yielding, investment opportunity let to TUI and offering excellent development/conversion potential to the upper parts (stp).
Arranged across ground, first and second floors, the property occupies a prominent pitch in the heart of Chesterfield with a frontage to Market Place. The ground and first floors are let to TUI UK Retail Limited a five year lease expiring 27/05/2024 and paying a rent of £40,000 per annum.
The second floor is currently vacant and therefore may be suitable for conversion to alternative uses, including residential, subject to obtaining the requisite consents.
Chesterfield is a major market town and rail hub, the subject property sits on the prime retail pitch and benefits from a prominent frontage to Market Place.
Tenure
Freehold
Tenancy
The ground and first floors are let to TUI UK Retail Limited a five year lease expiring 27/05/2024 and paying a rent of £40,000 per annum. The lease is on full repairing and insuring terms and is within the Security of Tenure provisions of the Landlord and Tenant 1954 Act.
TUI UK Retail Limited
TUI is a established and well known global travel agent specialising in integrated tourism and package holidays. There are in excess of 275 stores nationwide.
Rent
Notes
We understand the property is elected for VAT. It is anticipated the sale can be treated as a Transfer of a Going Concern (TOGC).