Retail Investment Property - Producing £17,500 pa

Substantial three-storey building currently let to Summit Leisure (Swinton) Limited (company number 02581185) trading as Shaws Amusements. The ground floor comprises an amusement arcade with a kitchen and WC. The first floor is utilized as a sunbed salon, and the second floor is used for storage. The building has a net internal area of 152.6 m2 (1,643 sq.ft.). The property is let on a 10-year lease from July 2023 to July 2033 at a rent of £17,500 per annum, with break clauses in January 2027 and 2030. The property is held on a new 125-year lease from Warrington Council at a ground rent of £1,750 per annum plus VAT, resulting in a net rent of £15,750 per annum. Located centrally on the pedestrianised Horsemarket Street, close to Market Gate and Golden Square Shopping Centre.