No longer on the market
This property is no longer on the market
MapMixed use
Sold STC
Mixed use
3658
Features and description
- For Sale – Freehold Commercial Investment
- Situated on Station Street, Burton on Trent
- Next to Coopers Square shopping centre
- Guide price: £650,000 exclusive
- Rental income: £52,600
- Gross Yield: 8%
- Service charge income: c. £6,000 pa
- End of terrace, two storey corner building
- Net internal area of circa 3,658 sq. ft. / 340 sq. m.
- Leased to three separate tenants
Trinity Rose Commercial are instructed to sell a freehold commercial investment, comprising a two-storey building with three separate tenants in occupation (please see tenancy schedule for full details).
Businesses on the ground floor of the building include the recognised covenant of Cancer Research UK and a high-end cocktail and tapas bar, while the first floor is a recently-opened Chinese restaurant. The latter two tenants signed new leases in 2022 and have since undertaken extensive fit-outs.
TENANCY SCHEDULE
Unit Tenant Lease Start Term Break Rent Review Rent Deposit
25 Station Street Cancer Research UK 28/12/21 5 Years 27/12/24 - £17,600 -
26 Station Street NJD Group Bars Limited 07/07/22 5 Years 07/07/25 & 07/07/28 07/07/27 £20,750 PG
First Floor, 25-26 Station Street Rong Liang Ou 29/04/22 10 Years 29/04/27 29/04/27 £14,250 £3562.50
TENURE
We are instructed to seek offers in the region of £650,000 for the freehold interest in Title Number SF304611 subject to the subsisting leases, equating to a gross yield of 8%.
ACCOMMODATION
We have identified a cumulative net internal area of 3,658 sq. ft. / 340 sq. m. which is split as per below:
Ground Floor of 25 Station Street: 916 sq. ft. / 85.16 sq. m. rateable value £17,750
Ground Floor of 26 Station Street: 1,201 sq. ft. / 111.5 sq. m. rateable value £23,000
First Floor of 25-26 Station Street: 1,541 sq. ft. / 143.2 sq. m. rateable value £15,500
RATEABLE VALUES
Relying upon information from the Valuation Office Agency:
Ground Floor of 25 Station Street: £17,750
Ground Floor of 26 Station Street: £23,000
First Floor of 25-26 Station Street: £15,500
EPC RATING
We have identified the following EPCs:
25-26 Station Street: E
First Floor, 25-26 Station Street: D
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. We are advised that the property is not elected for VAT purposes.
VIEWINGS
All enquiries should be directed to Trinity Rose Commercial on[use Contact Agent Button], or by contacting Jon Baud on[use Contact Agent Button] or by email [use Contact Agent Button]
The subject property is located on the corner of Station Street, a pedestrianised retail location in Burton on Trent, and Coopers Square which offers a large public car park as well as a shopping centre with retailers such as Next, EE, Boots, JD Sports, M&S, Primark, Waterstones and WH Smith. Nearby businesses also include Domino’s, Argos, Coral & TSB.
Businesses on the ground floor of the building include the recognised covenant of Cancer Research UK and a high-end cocktail and tapas bar, while the first floor is a recently-opened Chinese restaurant. The latter two tenants signed new leases in 2022 and have since undertaken extensive fit-outs.
TENANCY SCHEDULE
Unit Tenant Lease Start Term Break Rent Review Rent Deposit
25 Station Street Cancer Research UK 28/12/21 5 Years 27/12/24 - £17,600 -
26 Station Street NJD Group Bars Limited 07/07/22 5 Years 07/07/25 & 07/07/28 07/07/27 £20,750 PG
First Floor, 25-26 Station Street Rong Liang Ou 29/04/22 10 Years 29/04/27 29/04/27 £14,250 £3562.50
TENURE
We are instructed to seek offers in the region of £650,000 for the freehold interest in Title Number SF304611 subject to the subsisting leases, equating to a gross yield of 8%.
ACCOMMODATION
We have identified a cumulative net internal area of 3,658 sq. ft. / 340 sq. m. which is split as per below:
Ground Floor of 25 Station Street: 916 sq. ft. / 85.16 sq. m. rateable value £17,750
Ground Floor of 26 Station Street: 1,201 sq. ft. / 111.5 sq. m. rateable value £23,000
First Floor of 25-26 Station Street: 1,541 sq. ft. / 143.2 sq. m. rateable value £15,500
RATEABLE VALUES
Relying upon information from the Valuation Office Agency:
Ground Floor of 25 Station Street: £17,750
Ground Floor of 26 Station Street: £23,000
First Floor of 25-26 Station Street: £15,500
EPC RATING
We have identified the following EPCs:
25-26 Station Street: E
First Floor, 25-26 Station Street: D
LEGAL COSTS AND VAT
Each party is expected to bear their own legal costs in this transaction. We are advised that the property is not elected for VAT purposes.
VIEWINGS
All enquiries should be directed to Trinity Rose Commercial on[use Contact Agent Button], or by contacting Jon Baud on[use Contact Agent Button] or by email [use Contact Agent Button]
The subject property is located on the corner of Station Street, a pedestrianised retail location in Burton on Trent, and Coopers Square which offers a large public car park as well as a shopping centre with retailers such as Next, EE, Boots, JD Sports, M&S, Primark, Waterstones and WH Smith. Nearby businesses also include Domino’s, Argos, Coral & TSB.