Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment opportunity occupying a prominent pitch on a popular pedestrianised parade.
Arranged as a retail unit and upper parts, the property is let to The Works Stores Limited on a lease which expired 22.11.2024 and paying £27,500 per annum.
The tenant is therefore holding over and we consider the property offers asset management potential via renewal of the lease and improvement of rent, with the adjacent unit let to Superdrug recently renewed at £42,000 per annum.
The property occupies a prominent corner pitch fronting the pedestrianised Market Square and forming part of a popular parade. The area is characterised by national retailers including Iceland, Specsavers, Greggs and Superdrug.
Tenure
Leasehold - 199 Years Expiring 31.03.2155
Rent