We were pleased to confirm the sale of this investment in an off-market transaction in May 2020.
The property comprises a two storey mid-terraced building which dates from 1960s. It is of traditional construction with cavity brick elevations under a tiled pitched roof. There is a two storey flat roof extension to the rear of the building. The property is entirely demised to Savers Health & Beauty. The ground floor is currently laid to provide retail space, and the first floor comprises a staff room, office and internal storage.
The property is currently let to Savers Health & Beauty Limited on a 10 year lease commencing 24 June 2015 at a passing rent of £25,000 per annum. Savers Health & Beauty Limited has an Experian Credit risk score of “very low risk”. According to the last accounts dated 29 December 2018 the tenant last reported an approximate turnover of £507m, pre-tax profits in excess of £48m and net assets in excess of £80m.
If you would like more information on this investment sale or any other investments listed on our website please contact Daniel Capobasso on 0191 269 7897 / 07968618948 or email email@example.com. Please feel free to subscribe to our investment property mailing list to receive the latest investment opportunities too.