19-21 Aughton St
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19-21 Aughton St
8,381 SF Retail Building Ormskirk L39 3BH $2,432,938 ($290/SF) 8.36% Cap Rate
Investment Highlights
- Great location
- Signage
- Public transport access
Executive Summary
The property is let on assignment to Marks & Spencer plc on a 25-year lease from 28th February 2005, expiring on 27th February 2030 (5.25 years unexpired) on fully repairing and insuring terms.
The tenant only break clause of February 2025 has been removed.
The current passing rent is £153,020 per annum (£18.26 psf) and is to be reviewed on a 5 yearly basis to the greater of open market value or the rent compounded annually at 2.5%.
The rent is topped up to the next fixed uplift in February 2025 of £173,128 per annum (£20.66 psf).
The tenant only break clause of February 2025 has been removed.
The current passing rent is £153,020 per annum (£18.26 psf) and is to be reviewed on a 5 yearly basis to the greater of open market value or the rent compounded annually at 2.5%.
The rent is topped up to the next fixed uplift in February 2025 of £173,128 per annum (£20.66 psf).
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Building Size
8,381 SF
Year Built
1900
Price
$2,432,938
Price Per SF
$290
Cap Rate
8.36%
NOI
$203,394
Tenancy
Single
Building Height
2 Stories
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19-21 Aughton St
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