Freehold retail investment for a 15 year full repairing and insuring lease expiring February 2027
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The property comprises of a freehold retail investment with the shop let on a 15 year full repairing and insuring lease, beginning February 2012, expiring February 2027.
The rent was recently reviewed to £22,500 p.a.x. However, the existing tenant was given a personal concession reducing the rent to £17,000 p.a.x. Currently and rising to £18,000 p.a.x. On 17th February 2020 until the next rent review in February 2022. (Please note the personal concession rent is for the existing tenant only and is not assignable). The Shop/Showroom comprises of 1,205 sqft (111.94 sqm) plus rear ancillary area of 140 sqft (13.01 sqm).
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