Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment let to the undoubted covenant of Countrywide.
Arranged across basement, ground and two upper floors, the property occupies a prominent corner pitch in the heart of the retail amenity and adjacent to the pedestrianised centre, nearby occupiers include Specsavers, Premier Convenience Stores, Superdrug and Iceland.
The ground floor and basement is let to Countrywide Estate Agents (t/a Stratton Creber) on a 10 year lease expiring 24/08/2025 and paying a rent of £18,000 per annum. The upper parts include office accommodation and are sold off on a long leasehold basis.
Tenure
Freehold
Tenancy
The ground floor and basement is let to Countrywide Estate Agents (t/a Stratton Creber) on a 10 year lease expiring 24/08/2025 and paying a rent of £18,000 per annum. The tenant has been in occupation since 2015 and did not exercise a break clause in August 2020.
The upper parts include office accommodation and are sold off on a long leasehold basis.
Countrywide Estate Agents
Countrywide Estate Agents form part of the Connells Group, the largest estate agency in the UK with of 80 local estate agency brands and over 1,200 branches nationwide.
Rent
Notes
We understand the property is elected for VAT, it is anticipated the sale will be treated as a Transfer of a Going Concern (TOGC).