Property Features

• 8.75 years unexpired (lease expiry 9 April 2033)
• Passing Rent £18,120 per annum
• RPI Rent Review April 2028 - annually compounded Cap (1% pa) and Collar (3% pa)
• NIY 7.5% assuming purchaser's costs of 2.53%
• Reversionary Yield of 8.3% in 2028 (assuming 2% pa compounded RPI)
• No Schedule of Condition
• Prominent location 0.2 miles from Town Centre
• Frontage to B1329 Maddison Street
• Close to Morrisons Regent Street
• Surrounding occupiers include PV Technology Centre and Catapault Offshore Renewable Energy