£250,000
(£113.33/sq. ft)
Retail premises for sale14 & 14A High Street, High Street, Uttoxeter ST14
2,206 sq. ft
Just added
About this property
Investment
Well let market town retail investment with sale and leaseback on part to Birds Bakery
The ground floor will be let to Birds (Derby) Ltd at £15,500 per annum exclusive on a 10 year lease inside the Act with a 5th year rent review. There will be a tenant option to break at the end of the 3rd and 6th year subject to not less than 6 months notice in writing
The first and second floor office accommodation is let to Specsavers Optical Superstores Ltd until 12th January 2031, with a tenant break right on the 12th January 2029 subject to serving not less than 6 months notice in writing at £6,000 pax
Nearby occupiers include Boots, Boots Opticians, Card Factory, British Heart Foundation, Grape Tree, Nottingham Building Society, Home Bargains, Barclays, bear and Asda
Offers invited at £250,000, which represents a net initial yield of 8.33% with assumed purchaser’s costs of 3.20%
Well let market town retail investment with sale and leaseback on part to Birds Bakery
The ground floor will be let to Birds (Derby) Ltd at £15,500 per annum exclusive on a 10 year lease inside the Act with a 5th year rent review. There will be a tenant option to break at the end of the 3rd and 6th year subject to not less than 6 months notice in writing
The first and second floor office accommodation is let to Specsavers Optical Superstores Ltd until 12th January 2031, with a tenant break right on the 12th January 2029 subject to serving not less than 6 months notice in writing at £6,000 pax
Nearby occupiers include Boots, Boots Opticians, Card Factory, British Heart Foundation, Grape Tree, Nottingham Building Society, Home Bargains, Barclays, bear and Asda
Offers invited at £250,000, which represents a net initial yield of 8.33% with assumed purchaser’s costs of 3.20%
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Monthly repayment
£1,250 per month
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