Asking price £575,000 reflecting a net yield of approximately 8.45%. Ideal SIPP investment opportunity, freehold subject to two occupational leases with the gross rental income is £51,250 per annum.
No. 2 is let to Oxfam (registered charity Co No: 612172) on effective full repairing and insuring terms for a term of 10 years from 29/9/18 at £25,000 pa subject to rent review and tenant’s break option on 28/9/23 on providing six months prior notice. Oxfam form part of Oxfam International with a GB income in excess of £400m.
No. 3 is let to St Edmunds Butchers Ltd (Co No: 07945590) on FRI lease for a term of 10 years from 29/9/19 at a rent of £26,250 pa subject to rent review and tenant’s break option on 28/9/24 on providing six months prior notice (not exercised). The lease has a
personal director’s guarantor. St Edmunds Butchers Ltd is a small local company established in February 2012.