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31-33 High St 5,266 SF 100% Leased Retail Building Nantwich CW5 5AH $1,201,217 ($228.11/SF)
INVESTMENT HIGHLIGHTS
- Nantwich is an affluent market town in the heart of Cheshire with a vibrant retail centre
- Freehold Title includes servicing yard and parking to the rear
- All 3 tenants with a long unbroken history of occupation and use in Nantwich
- The property comprises a prominent position in the centre of the town within the main retailing pitch
- The property is let to 3 excellent covenants comprising Bayfields Opticians, R.Roberts & Son (Warrington) Ltd (Clarks Shoes) and Timpson
- WAULT to lease expiry 6 years 6 months (2 years 4 months to first break)
EXECUTIVE SUMMARY
The property occupies a prominent position within the prime retailing area of Nantwich centred around High Street, Church yard side, and Pepper Street overlooking the town square. Nearby retailers include Fat Face, Joules, W H Smith, Holland & Barratt, NatWest Bank, Chat wins Bakers and the Crown Hotel.
The property is held freehold under title no. CH234650. Please note the title includes the service yard/parking to the rear with vehicular access via Pepper Street.
We are instructed to seek offers in excess of £900,000. Net initial yield 9.5% subject to contract and exclusive of VAT. Yield net of purchaser’s costs at 5.63%.
The property is held freehold under title no. CH234650. Please note the title includes the service yard/parking to the rear with vehicular access via Pepper Street.
We are instructed to seek offers in excess of £900,000. Net initial yield 9.5% subject to contract and exclusive of VAT. Yield net of purchaser’s costs at 5.63%.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
5,266 SF
Building Class
B
Year Built
1950
Price
$1,201,217
Price Per SF
$228.11
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.95
Lot Size
0.13 AC
AMENITIES
- Storage Space
1 1
NEARBY MAJOR RETAILERS
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31-33 High St
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