For sale

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investment

£250,000

14 & 14A High Street, Uttoxeter, ST14 7HT

204.93m² (2,206ft²)

Well let market town retail investment with sale and leaseback on part to Birds Bakery

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Property Information

  • The ground floor will be let to Birds (Derby) Ltd at £15,500 per annum exclusive on a 10 year lease inside the Act with a 5th year rent review. There will be a tenant option to break at the end of the 3rd and 6th year subject to not less than 6 months notice in writing
  • The first and second floor office accommodation is let to Specsavers Optical Superstores Ltd until 12th January 2031, with a tenant break right on the 12th January 2029 subject to serving not less than 6 months notice in writing at £6,000 pax
  • Nearby occupiers include Boots, Boots Opticians, Card Factory, British Heart Foundation, Grape Tree, Nottingham Building Society, Home Bargains, Barclays, BEAR and Asda
  • Offers invited at £250,000, which represents a net initial yield of 8.33% with assumed purchaser’s costs of 3.20%

Reference No: 11917

Contact Agent

Alan Pearson

T: 07876 396 005

E: alan@fhp.co.uk

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