Property Type
Tenure
Freehold
Energy Rating
Grade E
Property description
Retail investment in prime location on pedestrianised Market Street let to Merkur Slots. The property comprises a shop unit arranged on two floors, providing clear retail space on the ground floor with ancillary staff and storage facilities at first floor level.
The property is let to Merkur Slots Ltd for 15 years from 2nd September 2021 on FRI terms, subject to a Schedule of Condition (details on request). There is a tenant only break in September 2031 at six months notice. There are also open market rent reviews at the 5th and 10th anniversaries.
Price
£237,500 (Two Hundred and Thirty Seven Thousand Five Hundred Pounds) to reflect a Net Initial Yield of 8.00% after standard purchasers costs.
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