Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding retail investment occupying a prominent central pitch.
Arranged as a retail unit across ground floor and basement, with four residential units, the Grade II listed property is fully let and producing £11,125 per annum.
The ground floor and basement unit is let to Sequence (UK) Limited t/a Fox and Sons on a 10 year lease expiring June 2027 and paying £11,125 per annum. We understand the tenant has expressed willingness to agree a new five year lease at the same rent and we therefore consider the property benefits from asset management potential.
The residential units are sold off on individual 999 year leases at peppercorn ground rents.
The property occupies a prominent pitch in the centre of Axminster with a frontage to West Street and Castle Street. The streets comprise the principal retail amenity within Axminster and are characterised by a mix of local and boutique occupiers.
Tenure
Freehold
Rent