High Street Leisure Investment
Prominent return frontage on the high street of busy university city
Extends to a Net Internal Area of 7,924 sq ft
Double frontage unit let entirely to Loungers Limited
Loungers are currently the fastest growing bar/cafe group in the UK
Let on an FRI lease for a term of 15 years with effect from 12th November 2018, expiring 11th November 2033 (c. 14.8 years unexpired)
Initial rent of £60,000 per annum is reviewed upwards only to OMRV every 5 years
Freehold
Offers in excess of £760,000 (STC)
Attractive Net Initial Yield of 7.50%
Excellent SIPP purchase opportunity
