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The property comprises a high yielding retail investment occupying a high footfall pedestrianised pitch.
Arranged as a ground floor retail unit with ancillary upper parts, the property is let to Trespass Investments Limited (t/a Trespass) on a six year lease expiring 10.07.2031 and paying £52,500 per annum. The tenant has been in occupation 14+ years and we consider the property offers asset management potential via renewal.
The property occupies a prominent pitch fronting the pedestrianised Red Street, forming part of the principal retail amenity within Carmarthen. The surrounding area is characterised by a number of national retailers including Greggs, Three, and an M&S department store immediately opposite.
Tenure
Long Leasehold- 125 years from 21/01/1983
Tenancy
Founded in 1938, Trespass is one of the UK's leading outdoor clothing and equipment retailers, operating an extensive network of stores across the UK and internationally. The company specialises in outdoor clothing, walking footwear, camping equipment and ski wear, providing investors with the benefit of an established national retail tenant.
Rent