Prime Retail Investment Opportunity - FOR SALE
Summary
- Strong Covenant Tenant
- Prime Retail Location
- £14,000 rent passing
- Secure Income Stream
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground | 813 | 75.53 | Occupied |
| Ancillary - Storage Building | 43 | 3.99 | Occupied |
| Total | 856 | 79.52 |
Location
93 Spring Gardens occupies a prime position in the heart of Buxton’s main retail parade. Spring Gardens is the town’s principal shopping street, home to a strong mix of national and independent retailers. Buxton is a thriving spa town on the edge of the Peak District, benefitting from high footfall driven by tourism and a strong local economy. The property is well-positioned near major car parks and public transport links, making it a highly accessible and attractive retail destination.
Get directions from Google Maps
Mainline Stations
-
Buxton4 mins
-
Dove Holes56 mins
-
Chapel-En-Le-Frith71 mins
-
Chinley112 mins
Underground Station
-
Chesham2326 mins
-
Amersham2365 mins
-
Chalfont and Latimer2389 mins
-
Chorleywood2422 mins
Further Information
Price £200,000
Rates Payable 1 April 2023 to present
Description
The property comprises a well-configured retail unit let to Oxfam with a store/outbuilding to the rear, producing £14,000 per annum in rental income.
The lease is protected under the Landlord and Tenant Act 1954, and expires on the 28th February 2029, with five-yearly rent reviews— the last two of which have not been enacted. The lease is on a Full Repairing and Insuring (FRI) basis, managed by the freeholder, with all costs fully reimbursed by the leaseholders.
This branch is one of Oxfam’s strongest performers in the North West, providing a secure and attractive investment opportunity.
The upper floors consist of two residential apartments, each sold on long leaseholds at a peppercorn rent with approximately 200 years remaining.
Viewings
Strictly by appointment with sole agents Hallams Property Consultants.
Terms
The premises are available by way of Freehold Disposal.
Downloads
Gallery
