Prime retail unit let to Blacks Outdoor Retail Limited.
Renowned tourist resort on the Yorkshire Coast with 7 million visitors annually.
new lease of 10 years (5 break) from April 2019.
Low initial rent of £42,000 pa. reflecting £42.86 psf.
Excellent rental growth prospects.
Ideal SIPP purchase.
Let to Blacks Outdoors Leisure Ltd t/a Millets.
Offers sought over £535,000 pa, which shows an initial yield of 7.5% after purchase costs of 4.8%.