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    Key features

    • To be offered on Tuesday 24 September
    • High Yielding Retail Investment
    • Retail Unit and Upper Parts
    • Fully Let to The Peoples Dispensary for Sick Animals
    • Lease Expires 09/04/2028
    • Producing £21,000 per annum
    • Popular Pedestrianised Street
    • Guide Price Reflects 14% Gross Yield

    Description

    The property comprises a high yielding retail investment opportunity let to a national charity and situated on a popular pedestrianised street.

    Arranged across ground, first and second floors, the property is let in its entirety to The Peoples Dispensary for Sick Animals (PDSA) and is used as a charity shop. The lease is for a term of five years expiring 09/04/2028 and paying £21,000 per annum.

    PDSA are a well established national charity with approx. 100 stores nationwide. The property benefits from a prominent pitch to a popular pedestrianised street. Nearby occupiers include River Island, Boots and Holland & Barratt. The property also sits between two entrances to the Cleveland Centre which includes a number of national occupiers such as New Look, Iceland and JD Sports.

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to PDSA on a five year lease expiring 09/04/2028 and paying £21,000 per annum.


    PDSA are a national charity trading from approximately 100 locations nationwide.

    Rent

    £21,000 per annum
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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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