Description
****** CASH BUYERS ONLY ******
***** FANTASTIC INVESTMENT OPPORTUNITY TO PURCHASE 6 SHOPS **** OVER 15% YIELD ***** LONG LEASES *****
**** Cathedral Properties present this fantastic opportunity to purchase this block of commercial shops in great location, offering over 15% yield per year. All of the shops are on long lease and long term tenants ****
Net £53,076 per annum ****
Carpark at the rear included ****
** TENANCY SCHEDULE **
Unit 42 – Element Games – 12 year term – Lease start date 25.08.2021 – Lease end date 24.08.2033 – Rent (pa) – £24,250 Rising to £27,250 (rising £750 each year) – Area sq ft 1,657
**** Unit 44 -Michelle Walton t/a Birds Yard – 5 year term -Lease start date 02.09.2021 – Lease end date – 01.09.2026 – Rent (pa) -£16,000 – Area sq ft 1,220
**** Unit 46 – Ocean Homeland Ltd t/a Iwan Bubble Tea – 5 year lease – Lease start date -06.06.2022 – Lease end date -05.06.2027 -Rent (pa) – £20,000 – Area sq ft 1,220
**** Unit 48 – Duc Minh Phat Ltd – 6 year lease – Lease start date – 01.05.2022 – Lease end date -30.04.2028 – Rent (pa) £22,000 Rising to £24,000 year 2 onwards – Area sq ft 1,220
**** Unit 50 – Phoenix Nails and Spa – 6 year lease – Lease start date 01.06.2021 – Lease end date – 31.05.2027 -Rent (pa) £22,000 Year 1-2 – Rising to £24,000 Year 3-4 – £25,000 Year 4-5 – Area sq ft 1,220
**** Unit 52 – Airwair International Ltd t/a Dc Martins – 5 year lease – Lease start date -11.03.2022 – Lease end date -10.03.2027 – Rent (pa) – £18,000 – Area sq ft 1,080
**** Total Rent (pa) – £122,250 Rising to £130,250 – Total Area sq ft 7,617 ****
****** CASH BUYERS ONLY ******
Additional Details
- Great Location
- NEXT to busway
- Off Road Parking
- Storage
- Local Amenities
- 6 Shops
- City Centre
- FANTASTIC INVESTMENT
- Car Park
- OVER 15% YIELD
- Net £53,076 per annum