RS-WS2
For Sale

UNITS 1 & 2 THE SQUARE, COMBER,

BT23 5DT
Investment Property

Property Overview

The property comprises ground floor retail unit located on the southern boundary of The Square. The property is block construction with rendered and painted walls with access to the unit via automated sliding doors. There is an ATM located at the front of the building but we understand it was installed by the tenant.

Internally, the shop unit is split between the retail sales area and the “back of house” (stores and offices) accommodation. Internally the property is finished with ceramic tiled flooring, plastered & painted walls and a suspended ceiling with recessed strip fluorescent lighting.

There is an enclosed fire escape / yard to the rear of the property which has a concrete finish and it is bounded with metal grill fencing.

To the rear of the property is a car park and a side letter between the parties gives the tenant exclusive use of one of these spaces.

On-street customer parking is provided to the front of the unit and overall, the property comprises a good standard of accommodation.

The property comprises ground floor retail unit located on the southern boundary of The Square. The property is block construction with rendered and painted walls with access to the unit via automated sliding doors. There is an ATM located at the front of the building but we understand it was installed

  • Prominent retail unit occupying a prime site in the town centre.
  • Ground floor of mixed use commercial and residential scheme.
  • Fully let on FRI terms to Tesco Stores Limited.
  • Current rent of £36,605 p.a.x.
  • Circa 8.5 years term certain following recent lease renewal.
  • Tesco Stores Limited have a Credit Safe Risk Score of 100, reflecting the lowest level of risk.
  • Offers in the region of £575,000 exclusive, subject to contract.
  • Reflects a NIY of c. 6.06% after purchaser costs of c. 4.74% and a capital value of £201 per sq.ft.

Accommodation

2,852 Sq.Ft

EPC: C
Full EPC certificate available on request.

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RS-WS2