135 Regent Street

At a glance

Key Points

• Available to purchase Long Leasehold
• Reflective of net yield of 8.6%
• Prominent Town Centre Location
• High footfall
• On road Pay & Display Parking

Description

Specification Includes:

Self-contained, ground floor, lock-up shop which currently trades as a café.
Shop width 4.62m x 11.51m with a floor to ceiling height of 2.95m.
Rear of property comprises, kitchenette & WC.
Rear pedestrian access.
The property has a single glazed shop front window set withing a timber frame.
Internally, the property benefits from wooden flooring, a mixture of pendent and spot lighting. Other F&F may be available by way of separate negotiation.

The Location

The property is located on Regent Street situated between the intersections of Park Street and Kenilworth Street.

The unit is situated right in the heart of the town centre, a short walk from the Parade, the town’s primary retail pitch and adjacent to the entrance to Regent Court, the town’s main restaurant quarter. Nearby tenants include Taverna Meraki, Giggling Squid, Café Nero, Jojo Mama, Bang & Olufsen and Farrow & Ball.

There is Pay & Display parking directly outside the property on Regent Street which extends to Regent Grove and Park Street, as well as the Royal Priors multi-storey car park (450 spaces).

Tenure

The property is subject to an occupational tenancy at a rent of £22,000 per annum for a term of 5 years with break and rent review in year 3.

Offers are invited at £250,000 exclusive which is reflective of an 8.6% net yield after purchaser’s costs of 2.3%.