Let to Argos Ltd (Net assets £527 million), owned by FTSE 100 company J Sainsbury plc, for the term of 10 years and 5 days from 26th April 2019.
Argos Ltd has an estimated 29 million store customers and nearly 1 billion online customers per year. Rent £87,500 per annum, exclusive. Rent review and tenant only break option at end of Year 5. Price: Offers in the region of £900,000, exclusive. A purchase at this price will reflect an initial yield of 9.2% after allowing for purchasers costs at 5.6%.
Offers in the region of £900,000 exclusive
Ground Floor c. 953 sq m (10,260 sq ft) plus mezzanine
Telephone 02890 500 100