Property description

This retail investment opportunity is situated on a prime high street position close to a number of national multiples including Tesco's and Subway. The ground floor retail premises are let to a private individual on a 10 year lease from 9th September 2015 at a passing rent of £17,500 per annum and are currently trading as a carpet store. Internally, the property is arranged over ground floor to have large open plan sales area to the front, with ancillary stores, offices, kitchenette and W/C to the rear and is in a recently refurnished condition throughout. A three month rent deposit (£4,375) is held as security and there is an upward only rent review at the expiry of the 5th year of the term. This opportunity is available by way of a new 999 yearlong leasehold interest at an asking price of £250,000, which reflects a 7% Gross Initial return.

Property Features :

• RETAIL INVESTMENT OPPORTUNITY
• PASSING RENT £17,500 PER ANNUM
• LONG UNEXPIRED LEASE TERM OF CIRCA 10 YEARS
• PROMINENT HIGH STREET LOCATION
• RECENTLY REFURBISHED