42 High Street
FOR SALE - Well positioned single-storey investment opportunity in Woodville.
Unit 3, 42 High Street comprises a single-storey end terraced retail property with the current occupants 'BCD Fish & Chips LTD' being assigned a 14 year internal repairing and insuring lease from the 7th August 2024 at a passing rent of £26,000 per annum which includes an upwards only open market rent review at the 5th and 10th anniversaries. Internally, the property comprises a good sized rectangular shaped retail area upon entry and has been fitted to a good standard with tiled walls and flooring, a suspended ceiling incorporating category 2 lighting, a large payment counter along with a large double glazed UPVC windowed shop frontage with pedestrian access door. The property also includes a separate storage and food preparation room, partitioned cellular office, and WC facility to the rear, comprising tiled walls and floors, a suspended ceiling with category 2 lighting, and two walk-in refrigerators. It also features fire escape access leading to a shared rear alleyway. Externally the property also has use of the tarmacadam forecourt which provides shared parking for up to 15 vehicles.
- Address: Unit 3, 42 High Street, Woodville, Swadlincote, Derbyshire
- Size: 1358 Sq Ft
- Status: Available
- Tenure: Tenure: Freehold
For Sale £350,000 - Type: Investment / Retail
- Property features
- Available to purchase for £350,000
- Adjacent to national retailers Tesco Express and Greggs Bakery.
- An active IRI lease of 14 years (no breaks) commencing 7th August 2024 generating a passing rent of £26,000 per annum representing a gross yield of 7.27%.
- Popular location with high levels of passing traffic and footfall.