An opportunity to acquire a quality retail asset.
The ground floor premises are held on a Full Repairing and Insuring Lease for a term of 10 years from 13 August 2018, to expire 12 August 2028, with a rent review on 13/08/2023. There is a Tenant only break clause on 12 August 2023. The residential upper parts have been sold off on a long Lease.
- Current rental income £21,000 per annum exclusive.
- Let to J P McDougall and Co Limited (Company No 00254941), who were founded in 1931 with 240 stores nationwide.
- Trade Paints sell a full range of interior and exterior decoration and protection products to include Dulux, Cuprinol, Polycell, Hammerite, Sikkens and Armstead. www.duluxdecoratorcentre.co.uk
Guide Price £300,000, subject to contract, and exclusive of VAT, for the Freehold interest.
( Agency Pilot Software Ref: 343 )