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The property comprises a high yielding retail investment opportunity in the heart of the historic market town of Grantham.
Arranged across ground and first floors, the property is let in its entirety to Savers Health and Beauty Limited on a new five year lease from June 2023 producing a rent of £28,000 per annum. We understand the tenant is a long standing presence in the town, having been in occupation for over 20 years.
The property sits at the junction of St Peters Hill and the High Street and forms part of the principal retail amenity of Grantham, which in turn is one of the principal towns in South Lincolnshire. Nearby occupiers include Boots, Superdrug, B&M and Clarks.
Tenure
Freehold
Tenancy
The property is let in its entirety to Savers Health and Beauty Limited on a new five year lease from 23rd June 2023 and paying a rent of £28,000 per annum. The lease is on full repairing and insuring terms.
There is a tenants break clause on 23rd June 2026 with the tenant benefitting from an additional three months rent-free if not exercised.
Savers Health and Beauty Limited have a Dun & Bradstreet rating of 5A1 and the latest available accounts display the following:
The business is a major occupier on the High Street with approximately 5,300 employees nationwide.
Rent
Notes
Savills have not inspected the property and therefore any photos, drawings, plans and areas are for indicative purposes only. Purchasers should rely on their own enquiries.