Withdrawn
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Sold
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Sold Post
The property comprises a high yielding retail investment opportunity multi-let to two national covenants.
Arranged across ground and first floors, the property provides two retail units let to Iceland and Gordons Pharmacy.
Unit 1 is let to Gordons Pharmacy on a 10 year lease expiring July 2030 and paying £25,000 per annum.
Unit 2 is let to Iceland Foods Limited on a 10 year lease with no breaks expiring July 2030 and paying £80,000 per annum.
The property presents an asset management opportunity via renewal/regearing of the existing leases, adding further income security.
The property is prominently situated in the heart of the town centre, with nearby occupiers including Aldi, Lidl, Boots, Greggs and Bank of Scotland. The town is earmarked for significant regeneration following a masterplan published in 2021.
Tenure
Freehold
Accommodation
Please see the accommodation and tenancy schedule for more information.
Tenancy
Gordons Pharmacy
Iceland Foods Limited
Rent