* High Yielding Retail/Pharmacy Investment
* Let to Lloyds Pharmacy
* Lease Expires 22/09/2026
* Producing £24, 356. 49 per annum
* 2, 269 sq ft (210. 84 sq m)
* Asset Management Potential
* Medium Term Development/Conversion Potential (stp)
* Guide Price Reflects 15. 22% Gross Yield
* No VAT
**Strapline**
Auction Sale - 28/02/2024
High Yielding Retail/Pharmacy Investment
Let to Lloyds Pharmacy producing £24, 356. 49 per annum
Medium Term Conversion/Development Potential (subject to obtaining the
requisite consents)
**Description**
The property comprises a high yielding retail/pharmacy investment let to the
established and well regarded covenant of Lloyds Pharmacy.
Arranged across ground, first and second floors the property is let in its
entirety to Lloyds Pharmacy on a lease expiring 22/09/2026 and paying a rent
of £24, 356. 49 per annum.
Situated on an established mixed use road at the edge of the town centre, the
property is perfectly positioned for its current use, being able to cater for
shoppers and local residents.
**Planning**
Whilst there are no extant planning consents, the property is situated in a
mixed use area with several terraced houses and apartment conversions nearby.
We consider the property could be suitable for conversion to alternative uses,
including the aforementioned residential uses, subject to obtaining the
requisite consents.

Property location on the map: Use mouse double click to (Zoom IN: LEFT button; Zoom OUT: RIGHT button)

Similar properties: