Market Street, Loughborough, LE11
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- FREEHOLD COMMERCIAL INVESTMENT IN A PRIME TOWN CENTRE LOCATION
- LET ON A 10-YEAR FULL REPAIRING AND INSURING (FRI) LEASE COMMENCING 26TH FEBRUARY 2027
- PASSING RENT OF £20,000 PER ANNUM PLUS VAT
- THREE-YEARLY RENT REVIEWS
- TENANT-ONLY BREAK OPTION ON 25TH FEBRUARY 2030
- HIGH FOOTFALL LOCATION
- SURROUNDED BY ESTABLISHED NATIONAL RETAILERS
- OPPOSITE ICELAND
Description
Situated in a prominent town centre position on Market Street, the property benefits from high footfall and excellent visibility. Nearby occupiers include Iceland, Primark, Boots, Costa Coffee, Caffè Nero, Holland & Barrett and Waterstones. The area is well served by public transport links and nearby public parking, making it an attractive trading location.
Description
A well-positioned ground floor retail investment situated within Loughborough's busy pedestrianised shopping area. The property comprises an open-plan retail unit with prominent glazed frontage, together with ancillary storage and staff facilities to the first floor. The premises benefit from suspended ceilings with integrated lighting and rear service access.
Tenure
The property is offered for sale freehold, subject to an occupational lease.
Lease Details
The property is let on a Full Repairing and Insuring (FRI) lease for a term of 10 years commencing on 26th February 2027 at a passing rent of £20,000 per annum, payable monthly in advance.
The lease incorporates three-yearly rent reviews, with the first review on 25th February 2030, together with a tenant-only break option on 25th February 2030, exercisable by serving not less than six months' prior written notice and subject to the terms of the lease.
Further lease documentation is available upon request.
VAT
VAT is applicable to this property.
EPC
Rated Band C. A copy of the EPC is available upon request.
Investment Opportunity
An excellent opportunity to acquire a freehold retail investment producing an annual rental income of £20,000, secured against a long-term commercial lease in a prime town centre location. The property offers investors immediate income with the benefit of regular rent reviews throughout the term.
Legal Costs
Each party is to bear their own legal costs incurred in the transaction.
Viewings
Strictly by prior appointment through SellMyHome.
Disclaimer
These particulars are intended as a guide only and do not constitute part of any offer or contract. Whilst every care has been taken in their preparation, all descriptions, measurements and other details are provided in good faith but without responsibility. Interested parties should satisfy themselves by inspection and independent enquiry as to their accuracy.
Brochures
Brochure of Victoria Cards, 36B Market StreetEnergy Performance Certificates
Energy performance certificate (EPC) ¿ Market StreMarket Street, Loughborough, LE11
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Loughborough Station0.7 miles
- Barrow upon Soar Station3.1 miles
- Sileby Station5.0 miles
Notes
Disclaimer - Property reference PJC-1532848. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Sellmyhome.co.uk, Leicester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.