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%.