Prime Retail Investment For Sale - Let to Superdrug
Summary
- Located in Launceston, the historic capital of Cornwall
- Let to Superdrug Stores Plc on a new 5-year FRI lease from 1st May 2025 at a rebased rent of £25,000 pax
- Future residential redevelopment potential of upper floors, subject to planning
- Price : £285,000 / NIY : 8.50%
Further Information
Price Offers in the region of £285,000
Rates Payable Upon Enquiry
Description
Prime retail investment let to Superdrug Stores PLC in the heart of Launceston. Future residential redevelopment potential of upper floors, subject to planning / consents.
Price
We are instructed to seek offers in the region of £285,000 which represents a net initial yield of 8.50% after allowing for purchaser’s costs.
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