Recently refurbished and extended prime retail investment prominently situated on Nantwich High Street.
Let to Specsavers Optical Superstores Limited, who have occupied the property since 2002, on a new 15-year lease from 29th September 2022.
The property extends to 2,910 sqft over ground and two upper floors.
Passing rent of £53,000pa.
Open market rent reviews on the 5th and 10th anniversary of the term with a guaranteed rental uplift at first review to the higher of market rent or £54,500pa.
There is a tenant’s break option on the 10th Year of the term.
Let on FR&I lease terms.
We are seeking offers in excess of £671,500 (Six Hundred and Seventy One Thousand Five Hundred Pounds).
A purchase at this level provides an attractive NIY of 7.50% assuming usual purchasers costs at 5.24%.
