South East City Centre Fully Let Class E Investment

by Antony Gross

Created Aug 04, 2021 | Canterbury, UK

$0 raised of $3,000,000 goal 0.00%

Located in the attractive and affluent Cathedral City of Canterbury
Prominent corner position with large frontages to Burgate and Longmarket
Fully let to the following national occupiers: The Secretary of State for Housing Communities and Local Government t/a Jobcentre Plus, Lakeland Limited and Slater Menswear
The Secretary of State for Housing Communities and Local Government have recently signed a new lease and account for 43% of the income
Unexpired lease term of 4.3 years to expiry (2.5 years to breaks)
Three retail units totalling approximately 26,839 sq ft
Total passing rent of £392,000 per annum. There is an 11% ground rent payable of rents received.
Total net rent of £348,880 per annum
Long leasehold from Canterbury City Council
The tenants have a good payment history both pre- and during the pandemic and there are no rental arrears