UNDER OFFER
162,840 sq ft (15,127.84 sq m)
For Sale £13,100,000
About property
A prime, substantial, multi-let, retail investment property occupying a 2.4 acre city centre site with an extensive 286ft (87.24m) frontage onto Foregate Street.
The property comprises a continuous parade of 7 adjoining retail units located on the northern side and western section of Foregate Street which is considered 100% prime city centre retailing in conjunction with Eastgate Street.
Offers in excess of £13,100,000 (Thirteen Million, One Hundred Thousand Pounds) subject to contract and exclusive of VAT for the benefit of the freehold interests. This reflects net initial yield of 10% on the income producing element and assuming £2,500,000 (subject to contract) for the vacant former Bhs. The capital value per sqft for the entire site is a lowly £80.40