Key features
Description
11 Thoroughfare –
Period 19th century building providing two retail units over ground and first floors. The property was previously occupied by Woolworths but was subsequently sub-divided and let to the current occupiers Fat Face and Woodbridge Pharmacy.
11a & 11b Thoroughfare -
In the 1990s the rear of the property was extensively developed to provide three new retail units under a residential block of flats including separate parking for the residential and commercial units. Occupied by Costa Coffee, Mind and EJH Aesthetics & Wellness Clinic there are 14 flats on the upper floors, together with an underground car park, all sold off on long leases, producing an additional Ground Rent income. There is under croft car parking for the retail units at the rear, with access through the adjacent public car park.
Terms
TENANCIES:
|
Unit |
Tenant |
Lease |
Rent PA |
|
11 (unit 1) |
Woodbridge Pharmacy |
FR&I - 10 yrs. from19.02.2020 |
£53,000 |
|
11 (unit 2) |
Fat Face |
FR&I - 10 yrs. From 28.04.2020 |
£60,000 |
|
11 A |
Costa Coffee |
FR&I – 10 yrs from 2022 |
£40,000 |
|
11 B |
Mind |
FR&I – 10 yrs from 2023 |
£35,000 |
|
11 C |
EJH Aesthetics |
FR&I – 6 yrs From 2024 |
£8,000 |
|
Residential |
Various |
999 yrs |
£3,850 |
|
Total |
|
|
£199,850 |
