76 Spring Gardens, Buxton, SK17 6BZ
Size
1,005
Tenure
Freehold
EPC
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Parking
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Spaces
2
- Size
- Primary use
- High street retail
- Frontage
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Key features
- Prime retail investment property.
- Affluent and historic market town.
- Let to Hays Travel Limited.
Description
Retail investment property in Buxton, providing sales accommodation at ground floor with ancillary accommodation at first floor.
Additional information
- Service charge
- Ask agent
- Business rates
- Ask agent
- Size
- Primary use
- High street retail
- Frontage
- Ask agent
Key features
- Prime retail investment property.
- Affluent and historic market town.
- Let to Hays Travel Limited.
Description
Retail investment property in Buxton, providing sales accommodation at ground floor with ancillary accommodation at first floor.
Additional information
- Service charge
- Ask agent
- Business rates
- Ask agent
Key features
- Prime retail investment property.
- Affluent and historic market town.
- Let to Hays Travel Limited.
Description
Buxton is in the Borough of High Peak, Derbyshire and has a population of approximately 22,215 persons.
Buxton is a Roman Spa town located on the edge of the Peak District National Park and includes some of the most architecturally significant buildings in the country including The Devonshire Dome, Cavendish Arcade and The Buxton Crescent Hotel & Spa.
The subject unit is centrally positioned on Spring Gardens, the main pedestrianised retail thoroughfare in the town, close to Spring Gardens Shopping Centre which is anchored by Waitrose. Buxton Train Station is located 100 metres away. Other nearby multiple retailers include Halifax, Boots, Iceland Frozen Foods and Costa Coffee.
Capital & Centric (on behalf of the Council), have submitted a planning application for a £100m redevelopment of the scheme.
This will include 45,000 Sq.ft of new retail and leisure alongside 332 homes.
The redevelopment of the shopping centre will enhance the location of the subject premises with the creation of a new pedestrian friendly direct link between Spring Gardens and Buxton train station.
The premises are let to Hays Travel Limited on a term of 10 years from 6 April 2020 at a commencing rental of £15,000 per annum exclusive, subject to an outstanding rent review with effect from September 2025.
The passing rent is considered to be reversionary.
Hays Travel Limited acquired the premises as part of the purchase of the Thomas Cook business in October 2019.
Based on the trading performance of the store, Hays Travel Limited recently decided not to exercise a break option with effect from September 2025. The lease therefore currently has almost 5 years unexpired.Further details are available upon request.
Hays Travel Limited was formed in 1980 and by May 2018, its sales had reached £1 billion. The Dunn & Bradstreet Financial Strength Rating for the company is 5A based on a current Tangible Net Worth of £46,138,000.
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- Business rates
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- Listed building
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Brochure
76 Spring Gardens, Buxton, SK17 6BZ
About Brasier Freeth, London
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We offer an extensive range of services including business space and retail agency, rent reviews and lease renewals, valuations, rating, property management, development and building consultancy. We pride ourselves on remaining friendly and approachable, so please contact us to see how we can add value to your business by assisting with your property related matters.
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Disclaimer - Property reference 236748-1. 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 Brasier Freeth, London. 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.