The Original Factory Shop

Queen Street, Market Drayton TF9 1EQ

The Original Factory Shop
Queen Street, Market Drayton TF9 1EQ
  • Opportunity to acquire a single let retail investment secured to a good covenant with a fixed rental uplift.
  • Located in the attractive and affluent town of Market Drayton.
  • Prominently situated directly off Queen Street car park and close to the principal retailing pitch of Cheshire Street.
  • Single story retail unit in L-shape configuration with frontage to the main shoppers car park and rear service yard with loading.
  • Freehold and extends to 5,790 sq ft GIA
  • Let on FRI terms to The Factory Shop Limited and trading as The Original Factory Shop with a lease expiry on 17th October 2025 having therefore 7.5 years unexpired.
  • Current rent of £52,044 pa (£8.98 per sq ft) with a fixed rental increase on 7th November 2022 to £58,882 pa (£10.16 per sq ft)
  • The tenant has an Experian rating of 100 reflecting very low risk and for year ending April 2017 has a turnover of £190.1million and net worth of £46.73million
  • Offers in excess of £685,000 (Six Hundred and Eighty Five Thousand Pounds) subject to contract and exclusive of VAT.  This reflects a net initial yield of 7.22% and a reversionary yield of 8.16% assuming standard purchasers costs 5.3%.
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