Under Offer

Oswestry- Securely Let & High Yielding Retail Parade

15-18 English Walls, Oswestry SY11 2PA, UK

Offers in excess of £2,750,000

Property Type:
Commercial
Sub Type:
Retail
Tenure:
Freehold
Net Initial Yield:
9.11%
Site Area:
19,559 sq.ft

Income

£266,466 PA

Description

  • Prominent retail parade located in the attractive market town of Oswestry
  • Directly opposite the towns dominant car park, generating high footfall
  • Let to four tenants at a passing rent of £266,466 per annum (£13.62 psf)
  • 78% of the income subject to fixed rental uplifts
  • 74% of the income secured to B&M Retail Ltd(5A1) with 9.67 years unexpired (certain)
  • WAULT of 7.75 years to expiry and 7.58 years to break
  • Freehold
  • Potential for conversion of the upper floors to residential or other alternative uses (STP)
  • Offers sought in excess of £2,750,000 (Two Million Seven Hundred and Fifty Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects an attractive Net Initial Yield of 9.11% with a reversion to 10.04% on fixed rental uplifts, assuming purchasers cost of 6.42%.