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    Key features

    • To be offered on Tuesday 21 October
    • High Yielding Mixed-Use Investment
    • Comprises Retail Unit, Flat and Rear Industrial Unit
    • Fully Let to Central England Co-Operative Limited
    • Lease Expires 04.11.2031
    • Asset Management Potential
    • "Break Up" Potential (subject to existing lease)
    • VAT-Free Investment
    • Investment Let at £41,600 p.a. (9.04% GIY on Guide Price)

    Description

    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.

    Additional information

    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


    • D&B Rating - 5A2 (Low Risk)
    • Turnover (2025) - £868m
    • Pre-Tax Profit (2025) - £2.34m
    • Total Assets (2025) - £441m

    Rent

    £41,600 per annum
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      EPC rating

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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