£11.600.000
Confirmation
Long term retail investment
Property Details
Authorized representative
Deactivated
34,551 m²
Leasable area
335 £/m²
5.04 %
2
Freehold
Fees
Investment Overview
The property was developed in 2011 and comprises a purpose-built foodstore, separate retail unit, four residential flats and 70 demised car parking spaces. The town centre site extends to 0.50 hectares. The foodstore comprises 26,862 sq ft (2,495.5 sq m) GIA and enables the tenant to offer it’s full product range and food counters as well as providing for Online Grocery Shopping and Click and Collect. The adjoining retail unit comprises 3,355 sq ft (311.7 sq m) and is occupied by a boutique gym. There are four residential units at 2nd floor level above the gym and part supermarket. The foodstore is predominantly let to a strong tenant for a term of 20 years from 26th August 2011, providing 10 years unexpired with the option to renew for a further 15 years.
Interested? Here are the next steps to get more
information and to proceed with our automated deal flow.