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%.
No ACF gallery field data found
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