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Accommodation
The property has been measured by BKR Floor Plans and provides the following net internal areas:
| Net Frontage | 7.42 m | 24’4” |
| Gross Frontage | 7.65 m | 25’1” |
| Zone A | 43.29 sq m | 466 sq ft |
| Zone B | 43.11 sq m | 464 sq ft |
| Zone C | 43.57 sq m | 469 sq ft |
| Remainder | 94.76 sq m | 886 sq ft |
| ITZA | 926 | |
| Ground Floor Total | 212.28 sq m | 2,285 sq ft |
| Basement | 112.87 sq m | 1,215 sq ft |
| First Floor | 133.87 sq m | 1,441 sq ft |
| Second Floor | 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.
EPC
The property has an EPC rating of C which is valid until 16th June 2031.
Rateable Value
According to the valuation office website the rateable value for the property is £59,000.
The business rates multiplier is 49.9 pence.
Tenure
Freehold.
Tenancy
The property is let to Yours Clothing Limited on a new 10 year lease from 18th August 2025, expiring 17th August 2035. There is a tenant’s break option on 18th 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 per annum |
| 18th August 2029 | £57,500 per annum |
There is an upwards only open market rent review on 18th 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.
Covenant
Yours Clothing Limited (Co. No. 02886196) has reported the following figures:
| Year Ending | 2nd February 2025 | 28th January 2024 |
| Turnover | £257,593,928 | £230,796,007 |
| Pre-Tax Profits | £40,494,393 | £32,395,178 |
| Net Assets | £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.
For further information visit www.yoursclothing.co.uk.
VAT
The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).
Proposal
We are instructed to seek offers in excess of £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.
Please note that a purchaser will be charged a Transaction Fee of 1.0% of the Purchase Price plus VAT.
Investment Considerations
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);
A purchase at the asking price reflects an attractive yield;
Attractive lot size for an investor.
