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93 Spring Gdns 856 SF Retail Building Buxton SK17 6BP $233,570 ($272.86/SF)

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INVESTMENT HIGHLIGHTS

Strong Covenant Tenant.
£14,000 rent passing.

Prime Retail Location.
Secure Income Stream.

EXECUTIVE SUMMARY

93 Spring Gardens occupies a prime position in the heart of Buxton’s main retail parade. Spring Gardens is the town’s principal shopping street, home to a strong mix of national and independent retailers. Buxton is a thriving spa town on the edge of the Peak District, benefitting from high footfall driven by tourism and a strong local economy. The property is well-positioned near major car parks and public transport links, making it a highly accessible and attractive retail destination.
Prime Retail Investment Opportunity - FOR SALE The property comprises a well-configured retail unit let to Oxfam with a store/outbuilding to the rear, producing £14,000 per annum in rental income. The lease is protected under the Landlord and Tenant Act 1954, and expires on the 29th February 2029, with five-yearly rent reviews- the last two of which have not been enacted. The lease is on a Full Repairing and Insuring (FRI) basis, managed by the freeholder, with all costs fully reimbursed by the leaseholders. The upper floors consist of two residential apartments, each sold on long leaseholds at a peppercorn rent with approximately 200 years remaining.

Marketing Brochure/Flyer

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Tenure

Freehold

Property Subtype

Storefront Retail/Residential

Building Size

856 SF

Building Class

Year Built

1880

Price

$233,570

Price Per SF

$272.86

Tenancy

Single

Building Height

3 Stories

Frontage

18’ on Spring Gardens

Energy Performance Rating - D

Storage Space

MAJOR TENANTS

-
740 SF
-
Mar 2024

Oxfam is a global organization that fights inequality to end poverty and injustice. They offer lifesaving support in times of crisis and advocate for economic justice, gender equality, and climate action. They demand equal rights and equal treatment so that everyone can thrive, not just survive. The future is equal. Inequality is the most pressing issue of their time. And for years, people have fueled their mission to end poverty and injustice. From the highlands of Central America and the corn fields of Uganda to the shores of the southern Gulf Coast in the US, Oxfam and their supporters are fighting to guarantee a life of dignity for every person in crisis and to challenge billionaires, corporations, governments, and international financial institutions to do better. Oxfam was established in 1942 and opened the UK's first charity shop in 1947. Today, amazing volunteers run their shops nationwide.