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40 BroadwayAccrington
- New
- Sole agency
- Leasehold
Key features
- High Yielding Retail Investment
- Let to Private Individual t/a Pink Nails
- Producing £13,000 per annum
- Tenant Holding Over
- 2,046 sq ft (190.1 sq m)
- Asset Management Potential
- Nearby Tenants Paying £15,000 per annum
- Popular Pedestrianised Street
- Guide Price Reflects 17.3% Gross Yield
High Yielding Retail Investment Opportunity Let to a Private Individual on a Lease Producing £13,000 per annum - Tenant Currently Holding Over
About this property
The property comprises a high yielding retail investment opportunity let to a private individual trading as a nail salon and positioned on a popular pedestrianised street. Arranged across ground and first floors, the property is let to a private individual trading as Pink Nails on a lease paying £13,000 per annum. The lease expired in 2023 and the tenant is therefore holding over. We consider the property offers evident asset management potential via re-gearing of the lease with nearby tenants paying £15,000 per annum. The property forms part of a popular local parade with a frontage to the pedestrianised Broadway; the main retail pitch within the town.