The property is let to both Mountain Warehouse and GA&M Enterprises, trading as Subway. Mountain Warehouse has recently signed a new 10-year lease without break, while Subway has traded from the unit since May 2008. It currently generates a passing rent of £334,000 per annum.
The unit’s 100% prime pitch sees it situated opposite the city’s extensive town centre Hay Hill redevelopment and in close proximity to Primark, Next and M&S.
FMX's Tom Heptonstall and Patrick Kilvington have been instructed alongside Francis Darrah and Carol Cooper of Francis Darrah Chartered Surveyors to seek offers in excess of £4.18m, reflecting a net initial yield of 7.5%. Get in touch now to start a conversation, so you don’t miss out!
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