Freehold Retail Parade Investment
Freehold Retail Parade Investment
The property is situated on the southern side of High Street, opposite Dundas Street and close to Regent Walk Shopping Centre. Regent Walk Shopping Centre has retailers including WHSmith, Greggs, Costa and Poundland. Other retailers on High Street include Iceland, Wilko, B&M Bargains and Sports Direct.
Freehold.
The property is situated on the southern side of High Street, opposite Dundas Street and close to Regent Walk Shopping Centre. Regent Walk Shopping Centre has retailers including WHSmith, Greggs, Costa and Poundland. Other retailers on High Street include Iceland, Wilko, B&M Bargains and Sports Direct.
Freehold.
The property comprises three shops with ancillary accommodation on the first floor. In addition, there are three car parking spaces to the rear.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises three shops with ancillary accommodation on the first floor. In addition, there are three car parking spaces to the rear.
VAT is not applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|---|
| 16 | Ground First |
Retail/Ancillary Ancillary |
71.02 sq m |
(764 sq ft) |
SUBWAY REALTY LIMITED (1) |
15 years from 10/10/2016 until 09/10/2031 (2) |
£11,000 | 10/10/2021 10/10/2026 |
| 18 | Ground | Retail/Ancillary Ancillary |
80.00 sq m |
(861 sq ft) |
J. CHAPMAN t/a Blink Eyewear |
6 years from 10/12/2017 until 09/12/2023 (3) |
£12,000 | 10/12/2020 |
| 20 | Ground | Retail/Ancillary Ancillary |
84.82 sq m |
(913 sq ft) |
M. AZEEM t/a Phone Asylum/ Mr Vapour |
6 years from 22/05/2018 until 21/05/2024 (4) |
£10,000 | 22/05/2021 |
| Total |
349.92 sq m |
(3,766 sq ft) |
£33,000 | |||||
(1) Subway operate from 2,500 locations in the UK and Ireland, and more than 43,000 stores in over 110 countries worldwide. For the year ending 31st December 2017, Subway Realty Limited reported a turnover of £35,424,835, pre-tax profits of £1,741,628 and a total net worth of £4,337,408 (Sources: www.subwayfranchising.com and Experian Group 31/07/2018).
(2) The lease is subject to a tenant option to determine on 9th October 2021 and 9th October 2026.
(3) The lease is subject to a tenant option to determine on 10th December 2020.
(4) The lease is subject to a tenant option to determine on 22nd May 2021.
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