Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding retail investment fully let to Co-op funeralcare and offering a number of value-add opportunities.
Arranged as a large site comprising retail space, first floor flat, and a rear industrial unit, The property is currently fully let to Central England Co-Operative Limited on a lease expiring 04.11.2031 and paying £41,600 per annum.
To the frontage with St Marks Road, the property comprises a former terraced house and side extension which form a single retail unit. The property has also been extended to the rear to join with the rear industrial unit which benefits from access via a loading door from Stephenson Street.
The property may benefit from asset management potential with the passing rent reflecting a low £5.07 per sq ft, furthermore there may be postential to split the property and obtain vacant possession of the rear industrial unit (subject to the existing lease).
The property is situated in an established mixed-use area, characterised by a number of industrial and out-of-town retail units including a Sainsburys superstore.
Tenure
Freehold
Tenancy
The property is currently fully let to Central England Co-Operative Limited on a lease expiring 04.11.2031 and paying £41,600 per annum.
The lease is on full repairing and insuring terms and includes a rent review and tenants break option 05.11.2026.
Central England Co-Operative Limited
Rent