Freehold

Prominent retail building at the junction of St John Street and Queen Street, both of which are pedestrianised

Single let to Blue Banana Retail Ltd on a new 10 year lease expiring on 6th November 2035 with a tenant only break in the 5th year (circa 4.5 years term certain)

Current total annual passing rent of £37,500 per annum with a fixed uplift to the full rent of £75,000 per annum from 7th March 2027. Vendor to top up to the fixed uplift from the point of sale

Totalling 4,084 sq ft NIA over basement, ground and two upper floors

Offers are invited in excess of £800,000 (Eight Hundred Thousand Pounds), subject to contract and exclusive of VAT. Pricing at this level reflects a net initial yield of 8.77% and a capital value of £190 psf