Retail

Holland & Barrett, 19 North Street, Chichester PO19 1LB

 

Quoting Price: £1,490,000 - Initial Yield:6.00%

Acting on behalf of M&G Real Estate we are instructed to market this well secured prime retail investment.

The property comprises a prime retail unit arranged over ground and first floor with a total net internal floor area of 2,196 sq ft. Well secured to a 5A2 covenant, Holland & Barrett Retail Limited for an unexpired term of 3.4 years. The property produces an income of £94,700 per annum. The property is positioned in a prime location, benefitting from high footfall along the pedestrianised section of North Street. Nearby occupiers include Marks & Spencer, Boots, WH Smith, Starbucks, H. Samuel and The White Company.

Offers are sought in excess of £1,490,000 (One Million Four Hundred and Ninety Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this price would reflect an attractive net initial yield of 6.00% after allowing for purchaser’s costs of 6.10%.

Contact

Jeff Ellis

Tel: 020 7493 3330
Mob: 07775 582 719
jellis@lewisellis.co.uk

James Elkington

Tel: 020 7493 3330
Mob: 07810722459
jelkington@lewisellis.co.uk

Fred Daeche-Marshall

Tel: 020 7493 3330
Mob: 07785741700
FDMarshall@lewisellis.co.uk


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