- Dominant local Convenience Store.
- Let to One Stop Stores Limited, a wholly owned subsidiary of Tesco PLC.
- Asset management opportunities including reversion in 2018.
- Let for 20 years from 31st August 2003, with 6.5 years remaining.
- Low passing rent of £6.58per sq ft.
- First floor could be converted back to residential.
We are instructed to seek offers of £345,000 (Three Hundred and Forty Five Thousand Pounds), which reflects a net initial yield of 7% after purchaser’s costs of 3.80%.