Hébergement
La propriété a été mesurée par les plans d'étage BKR et offre les surfaces internes nettes suivantes :
Façade nette | 7,42 m | 24’4” |
Façade brute | 7.65 m | 25’1” |
Zone A | 43.29 sq m | 466 sq ft |
ZoneB | 43,11 m² | 464 pieds carrés |
ZoneC | 43.57 sq m | 469 sq ft |
Reste | 94,76 m² | 886 pieds carrés |
ITZA | 926 | |
Rez-de-chaussée Total | 212.28 sq m | 2,285 sq ft |
Sous-sol | 112.87 sq m | 1,215 sq ft |
Premier étage | 133.87 sq m | 1,441 sq ft |
Deuxième étage | 161.09 sq m | 1,734 sq ft |
TOTAL | 620.11 sq m | 6,675 sq ft |
A set of floor plans is available to download, and the measured survey report will be re-addressed to a purchaser at a cost of £690.00 + VAT.
CPE
The property has an EPC rating of C which is valid until 16e June 2031.
Valeur imposable
According to the valuation office website the rateable value for the property is £59,000.
Le multiplicateur des tarifs professionnels est de 49,9 pence.
Mandat
Pleine propriété.
Location
Le bien est loué à Yours Clothing Limited on a new 10 year lease from 18e August 2025, expiring 17e August 2035. There is a tenant’s break option on 18e August 2030, subject to six months’ notice.
The tenant must keep the ground floor of the property in good and substantial repair and condition, subject to a Schedule of Condition. The tenant does not utilise the basement, first and second floors and is not required to maintain these areas, save for any tenant damage caused to those areas. The Landlord must keep the roof and external parts of the building in a wind and watertight condition but only insofar as any defects/disrepair affect the tenant’s ability to trade from the property. Given the current Landlord has recently completed a schedule of works to make the building wind and watertight, it is not envisaged that the tenant’s trade will be affected. A schedule of works is available upon request.
The rental income is as follows:
18th August 2025 – 17th April 2027 | £26,250 per annum |
18th April 2027 – 17th August 2027 | £52,500 per annum |
18th August 2027 – 17th August 2029 | 55 000 £ par an |
18th August 2029 | £57,500 per annum |
There is an upwards only open market rent review on 18e August 2030.
The vendor will top-up the income by way of an appropriate adjustment on the completion sum, in order that an investor does not suffer an income shortfall. Therefore, an investor will benefit from an initial income of £57,500 per annum.
Engagement
Yours Clothing Limited (Co. No. 02886196) has reported the following figures:
Fin d'année | 2nd February 2025 | 28th January 2024 |
Chiffre d'affaires | £257,593,928 | £230,796,007 |
Bénéfices avant impôts | £40,494,393 | £32,395,178 |
Actif net | £42,022,647 | £41,721,943 |
The principal activity of the company is that of clothing retail and related accessories.
Established over 20 years ago in East Anglia, Yours Clothing is a privately owned company which is now a global business with over 100 stores across the UK and as well as in the Middle East.
The company is owned by British fashion group AK Retail, which also owns brands including Long Tall Sally, BadRhino and Bump It Up. In 2023, AK Retail acquired the brand and intellectual property of M&Co and also purchased Australian-listed firm City Chic Collective’s plus-size brand Evans, its intellectual property and the customer base as part of an £8m agreement.
Pour plus d'informations visitez www.yoursclothing.co.uk.
T.V.A.
Le bien a été enregistré à la TVA. La vente devrait être traitée comme une cession d'entreprise en activité (TOGC).
Proposition
Nous sommes chargés de rechercher des offres supérieures à £575,000 (Five Hundred and Seventy Five Thousand Pounds) subject to contract, reflecting a net initial yield of 9.5%.
Please note that a purchaser will be re-charged the costs of the searches (£241.61) which are provided in the data room. Furthermore, the purchaser will be charged the cost of the measured survey (£690 + VAT) which will be readdressed to the purchaser.
Veuillez noter qu'un acheteur se verra facturer des frais de transaction de 1,01 TP3T du prix d'achat plus la TVA.
Considérations d'investissement
An opportunity to purchase a freehold town centre retail investment;
The property occupies a prominent position in the principal pedestrianised thoroughfare, close to the Buttermarket Shopping Centre and new Sports Direct store;
Let on new 10 year lease from August 2025;
Securely let to national retailer Yours Clothing Limited (Pre-Tax Profits £40.5 million);
Un achat au prix demandé reflète un rendement attractif ;
Taille de terrain intéressante pour un investisseur.