Withdrawn
Withdrawn Prior
Sold
Sold Prior
Sold Post
The property comprises a high yielding fully let retail investment opportunity located in the heart of Formby.
Arranged as a parade of 13 retail units, the property is fully let to 13 separate tenants, providing a diverse income stream totalling £212,500 per annum. The property has an attractive Weighted Average Unexpired Lease Term (WAULT) of 4.82 years to expiry and offers asset management via regearing of several leases and improvement of rents. We estimate the rental value of the asset to be in excess of £220,000 per annum.
Formby is a popular and affluent town in north west England. The property enjoys a prominent position adjacent to Chapel Lane and enjoys both low vacancy rates and high footfall. Nearby occupiers include Waitrose, Iceland, Caffe Nero and Boots.
Tenure
Leasehold - 999 Years - Please Consult the Legal Pack
Tenancy
Please consult the Tenancy Schedule and Legal Pack for more information.
Rent
Notes