91a-93 Front Street, Arnold, Nottingham

The property comprises a high yielding retail investment let to Luxury Leisure Limited, a national retailer operating brands including Kwik Tan and Admiral Casino.

Arranged as three adjacent retail units across groudn and first floors, the property is fully let to Luxury Leisure Limited on three separate leases, however we understand the properties have been internally interlinked to create a single retail space. The total rent receivable is £73,350 per annum.

Unit 91A is let on a recently agreed 10 year lease expiring 21.02.2034 and paying £23,500 per annum

Unit 91B is let on a 10 year lease expiring 31.01.2027 and paying £25,200 per annum. The tenant did not serve their 2022 break option.

Unit 93 is let on a 10 year lease expiring 31.01.2027 and paying £24,650 per annum. The tenant did not serve their 2022 break option.

Given the tenants recent renewed committment to the location via the leasing of an additional unit (91A), we consider the property may benefit from asset management potential via extension/renewal of the leases for Units 91B and 93.

The property forms part of a popular local parade with a frontage to Front Street, the principal retail amenity in Arnold. The parade is characterised by a mix of local and national occupiers with nearby tenants including Boots, British Heart Foundation and Iceland.