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The property comprises a high yielding retail investment let to CEX and fronting a high footfall street.
Arranged as a ground floor retail unit with basement, the property is let to CEX (Franchising) Limited on a new 10 year lease with no breaks expiring 27.11.2034 and paying £30,000 per annum.
The tenant is a long standing occupier of 10+ years and we understand the recently signed lease is a renewal from a previous 10 year lease.
The property benefits from a prominent frontage to the high footfall High Street. The area is characterised by a number of national retailers including Superdrug, William Hill, and Co-Op Travel.
Tenure
Leasehold - New 999 Year Lease at Peppercorn Rent - Please Consult the Legal Pack
Tenancy
The property is let to CEX (Franchising) Limited on a recently signed 10 year lease with no breaks expiring 27.11.2034 and paying £30,000 per annum.
The lease is on full repairing and insuring terms and includes a rent review and tenant break option in the 5th year.
CEX (Franchising) Limited
Rent