Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A
Key Features: • High Yielding Retail Investment • Let to Peacocks Stores Properties Limited • Five Year Lease Expiring 28/03/2027 • Long Standing Occupier of 15+ Years • 2025 Break Option Not Exercised • Investment Let at £45,000 p.a. (12.85% GIY on Guide Price)
Location: • Nearest Station: Parkstone Station • Distance to Station: 0.6 miles
Agent Information: • Address: 33 Margaret Street, London, W1G 0JD
Full Description: The property comprises a high yielding retail investment let to Peacocks, an established High Street retailer.Arranged across ground and first floors, the property is fully let to Peacocks Stores Properties Limited on a five year lease expiring 28/03/2027 and paying £45,000 per annum.The tenant is a long standing occupier, having been in occupation for more than 15 years, and did not serve their 2025 break option, displaying confidence in the location.The double-fronted unit occupies a prominent pitch with a frontage to Ashley Road; an arterial route and the principal retail amenity for Parkstone, an affluent Poole suburb. The street features a variety of local and national retailers, including Iceland, Greggs and Waitrose.
