PRIME TOWN CENTRE RETAIL INVESTMENT OPPORTUNITY FORMING PART OF AN ESTABLISHED SHOPPING CENTRE
A modern single retail unit forming part of a town centre shopping development, adjoining the principal town centre car park. Constructed during the 1990's the property is steel framed with brick elevations and pitched roof surfaces and immediately adjoins `B&M' household goods store.
Location
Occupying a prominent location toward the southern end of the town centre the property adjoins B&M and is opposite the Wilkinsons Superstore. The car park fronting the unit also serves the Longton `Exchange’ shopping precinct.
Accommodation
Sales Area 6,143 sq ft
Office 36 sq ft
Staffroom 63 sq ft
Storage 302 sq ft
WC’s -
TOTAL NIA 6,544 sq ft
Terms
Available freehold, subject to contract
Specification
The property is let to Internacionale Retail Ltd (Reg No. 6571495) by way of a FRI lease from 24th November 2008 for a term of 10 years. The rent passing is £48,000 pax. Upwards only rent review is due on 24th November 2013. Internacionale Retail Ltd became an incorporated company in April 2002 posting a turnover of £33,762,000 and a pre-tax profit of £2,198,000 for period 25th July 2011 to 31st December 2011 (22 weeks).