Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment opportunity occupying a prominent pedestrianised pitch.
Arranged as a retail unit and upper parts, the property is let to The Church of England Childrens Society, a long-standing occupier of 10+ years, on a 10 year lease which expired 22.05.2024 and paying £28,000 per annum.
We understand the tenant is continuing to occupy the premises and pay rent, and is therefore holding over. We consider the property therefore offers asset management potential via renewal of the lease
The property occupies a prominent pitch fronting the pedestrianised Market Square forming part of a popular parade. The area is characterised by national retailers including Iceland, Specsavers, The Works and Superdrug.
Tenure
Leasehold - 199 Years Expiring 31.03.2155
Rent