Property Detail

Clothing Store NEXT in the County of Staffordshire for Sale, Lease Agreement Ends 2032

Clothing Store NEXT in the County of Staffordshire for Sale, Lease Agreement Ends 2032

Property type: clothing store
Purchase of established rental business

Tenure: 999-year virtual freehold

Location: the county of Staffordshire, UK

• property is located in a town with a population of more than 70,000
• the town centre location

Lettable area: ca. 1,700 m2

Full refurbishment: 2017

Anchor tenant: NEXT (chain of clothing stores)

Occupancy: 100%

Lease Agreement: until 2032 (with tenant’s break option in 2027)

Possibility of renewal: YES
Rent Review: YES

Full Repair and Insure Lease (FRI lease):
• tenant is responsible for all operating expenses including land tax, building insurance, minor repairs, potential renovation of the entire building, etc.

Purchase price: offers in excess of 2,750,000 GBP
(+ closing costs)

Rental Income: 275,000 GBP per annum
(+ indexation linked to inflation)

Yield: 10.0%

Property Contact

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http://www.brantstone.com/property/commercial-property-for-sale-in-staffordshire-uk-02023773 02023773 Clothing Store NEXT in the County of Staffordshire for Sale, Lease Agreement Ends 2032