Prominent City Centre Retail Investment
The subject investment property is prominently located on the corner of Market Square and Railway Street within the city centre in a popular retailing, office and leisure setting.
The subject investment opportunity comprises of a corner sited 2 1/2 storey Grade B2 listed building which was formerly a banking hall and built in the 1920's. The property benefits from a 5 bay elevation fronting Market Square and a 6 bay elevation fronting onto Railway Street.
The accommodation has been extensively fitted out to provide ground and first floor mezzanine areas along with a coffee shop on the second floor and the entire holding has been finished to the highest of standards throughout.
Accommodation
See brochure for further details
Lease Details
The property is let to JJ Shannon Limited for a term of 5 years from 1 October 2016 on an internal repairing and full insuring basis, and at a rental of £30,000 per annum.
Sales Details
PRICE:Offers in the region of £250,000
TITLE:Assumed to be held by way of freehold title
NAV / Capital Value
From our review of the Land and Property Service online website, the NAV for the subject property is £34,100. The commercial rate in the pound for 2019 / 2020 is £0.566772.
Please note that all perspective purchasers should make their own enquiries to confirm the NAV / rates payable.
VAT
All prices, outgoings etc are exclusive of, but may be subject to VAT
Listed Features
- Lift / Elevator
- Office
- Multiple floors
- General Retail