Located in the centre of Burton upon Trent.
Attractive and affluent town 12 miles south west of Derby, easily accessed from London via M1.
Prominent corner position close to the Market Hall and opposite the entrance to Cooper Square Shopping Centre.Accommodation totals approx. 14,926 sq ft and has 21 car parking spaces.
Freehold.
Total current income of £156,964 pa from 9 tenants and various car parking licensees:
- WAULT of 3.6 years to breaks and expiries provides strong potential to explore rental increases via lease renewals.
- 51% of income is from Ladbrokes and SpecSavers with a WAULT of 4.0 years.
- 82% of income is from 5 retail tenants.
- All 4 residential tenants are all holding over for between 3-10 years offering significant reversionary potential.
Offers are invited in excess of £1,645,000 (One Million Six Hundred and Forty Five Thousand Pounds reflecting a Net Initial Yield of 9.0% (assumes purchaser’s costs at 6.16%) and a low capital value of approximately £110 per sq ft.
