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Sold
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The property comprises a high yielding retail investment let to an established local business on a new lease with no breaks.
Arranged across ground and first floors, the property is fully let to The Book Vault LLP on a recently signed seven year lease with no breaks expiring 18.11.2031 and paying £20,000 per annum.
The lease includes the upper parts which are used as ancillary/storage space, but we consider there may be potential to convert to alternative uses, including residential (subject to the existing leases and any requisite consents).
The property benefits from a prominent pitch fronting the prime, pedestrianised, Market Street. Nearby occupiers include Greggs, Boots, Holland & Barrett and Subway.
Tenure
Freehold
Tenancy
The property is let to The Book Vault LLP on a recently signed seven year lease with no breaks expiring 18.11.2031 and paying £20,000 per annum.
The lease is on full repairing and insuring terms and includes an upward-only open market rent review in 2029.
Rent