Property for sale

The property comprises a ground and first floor commercial unit within a larger, modern parade surmounted by a pitched roof overlaid in tile. The property offers display frontage facing onto Channel Street and Douglas Bridge, being open plan internally with dual staircases leading to the upper floor. Internally the property is presented in a good standard with lighting being of halogen spot and fluorescent strip, with partitions erected to form main office, staff room and w.c. facilities. The property also benefits from rear access to a common service yard to the rear of the demise. The property has the following approximate net internal floor areas: Ground: 296.25sqm (3,189sq ft) 1st: 177.7sqm (1,913sq ft) Total: 473.95sqm (5,102sq ft) The property is held on a full repairing and insuring head lease on the following terms; Tenant: Barnardos Expiry: 9th October 2028 Passing Rent: £16,500p.a.x Tenant Break: 10th October 2026 Covenant Info: Barnardo's, the UK-based charity, operates over 600 retail stores across the country. These stores sell donated items to raise funds for supporting vulnerable children and young people. Barnardo's reported an annual turnover of approximately £315 million for the financial year ending March 2023. This represents a 5% increase from the previous year The property has been elected for V.A.T. as such the transaction may be treated as a T.O.G.C (transfer of a going concern)

Auction Details
23 January 2025, 10am-3pm
Timed Online Auction

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