£75.100.000
Confirmation
Prime retail-led investment opportunity
Property Details
Broker
Sold
20,001 sq.ft.
1,858 m²Leasable area
3,754.81 £/sq.ft.
40,419 £/m²4.28 %
13
Freehold
Fees
Investment Overview
Available for the first time since 1985. An unbroken parade of 6 contiguous buildings comprising 20,001 sq ft of prime retail, vacant office and residential accommodation. 11,727 sq ft of retail accommodation with prime frontage to James Street. Newly re-based retail rents offering an excellent opportunity for rental growth. 5,311 sq ft of award-winning residential accommodation let on Assured Shorthold Tenancies. 3,963 sq ft of vacant office accommodation with planning submitted for the conversion to residential (Class C3). Current net passing rent of £3,929,161 pa (inclusive of latest turnover rent). WAULT of 4.62 years to expiries (2.84 years to breaks). The buildings have been refurbished and modernised over time and now provide a total of 21,001 sq ft of mixed-use retail, residential and vacant office accommodation. The retail provision is predominantly located at ground floor level with ancillary space below.
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