Investment Properties for sale in Bridgwater

View the "Auction 12 July 2018 - Investment Property" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Freehold Price: £40,000 - £50,000 guide price
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Business Description
Freehold investment - For sale by auction 12 July 2018

For more information and to access the legal documents please visit https://www.networkauctions.co.uk/london-auction/

Accommodation

Ground Floor retail sales area: 542 sq ft (50.3 sq m)

First Floor storage: 656 sq ft (60.9 sq m)

Second Floor storage: 414 sq ft (38.5 sq m)

Gross Internal Area: 1,823 sq ft (169.4 sq m)

Lease

The property is let to TUI UK Retail Ltd on a full repairing and insuring lease with an annual rent of £11,500 - currently expired. A new 5 year from 24 June 2017 is awaiting engrossment with an annual rent of £12,250

Covenant

TUI Group is the world's number one integrated tourism group operating in around 180 destinations worldwide. The company is domiciled in Germany. The TUI Group's share is listed in the FTSE 100 index, the leading index of the London Stock Exchange and in the German open market. In financial year 2017, the TUI Group recorded turnover of €18.5bn and an operating result of €1.121bn

• Period, 3 Storey, mid-terrace property
• Primary town centre trading position
• A1 Use Class
• FTSE 100 tenant in occupation
• Rental income £12,250pax
• Gross frontage 40ft
• Ground floor retail area 542 sq ft - GIA 1,823 sq ft
• Rateable value £11,250
Tenure: Freehold

Location Details: 26 Fore Street

Listed by: Charles Darrow

Find out more about this business opportunity.

 
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CD-90047
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