Prime town centre site, fronting Queen Street with rear access via Hopkins Lane. Substantial Grade II listed building with nearby operators including Nationwide, Poundland, Santander and Sports Direct. Specsavers have occupied the building for many years and completed a major re-fit in 2017 (see legal pack for schedule of works), the current lease is 10 years from 29/09/17 and the tenant-only break clause on 29/09/22 was not exercised. Flat 2 (first floor) recently enquired about extending their lease, this is yet to be formalised (see legal pack for details).
• Our Ref: CD-90269
• To be sold by public auction 19/9/2024
• Freehold Commercial Investment
• Let to Specsavers Optical Superstores Ltd
• 10-year lease from 29/09/17
• Annual rental income £32,350pa
• Uppers comprising 2 flats sold off (62 year unexp)
• Primary town centre trading position
• Initial yield of over 8.6%
• FH Price: £360,000 Guide Price
