Freehold Retail Investment
Freehold Retail Investment
The property is situated in a prominent location on the southern side of Coventry Street close to its junction with Blackwell Street and on the edge of the pedestrianised pitch leading to the High Street. The property is located opposite The Swan Shopping Centre which houses occupiers such as H Samuel, Boots, B & M Bargains and Vodafone, with other nearby occupiers including Lloyds TSB, Betfred, WH Smith and Cheltenham & Gloucester.
Freehold.
The property is situated in a prominent location on the southern side of Coventry Street close to its junction with Blackwell Street and on the edge of the pedestrianised pitch leading to the High Street. The property is located opposite The Swan Shopping Centre which houses occupiers such as H Samuel, Boots, B & M Bargains and Vodafone, with other nearby occupiers including Lloyds TSB, Betfred, WH Smith and Cheltenham & Gloucester.
Freehold.
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
Six Week Completion
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
Six Week Completion
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail/Ancillary Ancillary |
162.58 sq m 187.57 sq m |
(1,750 sq ft) (2,019 sq ft) |
CRIME REDUCTION INITIATIVES (1) | 9 years from 01/04/2011 until 31/03/2020 (2) | £40,000 | 01/04/2017 |
| Totals | 350.15 sq m |
(3,769 sq ft) |
£40,000 | ||||
(1) CRI is a social care and health charity funded by the government that works with individuals, families and communities across England and Wales that are affected by drugs, alcohol, crime, homelessness, domestic abuse and antisocial behaviour.
(Source: http://www.cri.org.uk/ 14/11/2014).
(2)The lease provides a rolling break from 07/07/2014 subject to 6 months’ notice. The break is personal to the tenant and can only be operated within 28 days of the tenant’s government funding being withdrawn.
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