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Prime Retail Investment, Card Factory, 28 Courtenay Street, Newton Abbot, TQ12 2DT

not specified / Retail / General Retail

For Sale - £635,000.00

Available - Last updated: 21 February 2019

Prime Retail Investment

- Newton Abbot is a highly affluent market town.
- The property is situated in a 100% prime position on the pedestrianized Courtenay Street.
- Major retailers represented on Courtenay Street include Boots, Marks & Spencer, WH Smith, Superdrug and Austins Department Store.
- There are currently no vacant units in the immediate vicinity.
- Well configured building.
- The entire property is let to Sportswift Limited (trading as Card Factory) on a 15 year full repairing and insuring lease from 4th June 2008, expiring 3rd June 2023, at a current rent of £60,000 per annum.
- Card Factory is the largest card retailer in the UK and currently trades from more than 850 shops.
- Sportswift Limited have are an excellent covenant with a 5A 1 Dun & Bradstreet rating.
- Freehold.
- Offers are sought in excess of £635,000 (Six Hundred and Thirty Five Thousand Pounds) reflecting a very attractive Net Initial Yield of 9%.

Property Quote Price(s)

DescriptionSale typeGuide pricePrice type
  For Sale Freehold £635,000.00 NA

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Richard Howell

Avison Young

0117 369 0539

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