Pbboots
Prime Retail Parade In Torquay’s main retailing pitch
INVESTMENT SUMMARY
>100% prime multi-let block in popular seaside town
>Majority of the property let to strong covenants (4A1/ 5A1)
>AWULT of approximately 6.8 years to expiry (3.4 years to break)
The Area
Prominent town centre location close to Kings Square and Queens Square shopping centres and tenants including Argos, McDonald's and New Look
Tenancies
For the year ending 31st August 2018, Boots Opticians Professional Services Limited reported a turnover of £388,826,000, pre-tax profits of £16,575,000 and a total net worth of £82,713,000 (Source: Experian Group 06/06/2019). With more than 600 branches across the UK (Source: www.boots.com/opticians).
Tenure
The property is owned freehold.
About the property
LOCATION
Miles
5 miles north-west of Birmingham
8 miles south-east of Wolverhampton
Roads
A41, M5 (Junction 1), M6 (Junction 8)
Rail
Sandwell and Dudley Railway Station
Air
Birmingham International Airport
DESCRIPTION
The properties occupy a prominent position on the northern side of the pedestrianised High Street, in close proximity to Queens Square and Kings Square shopping centres housing occupiers including Poundland, Boots the Chemist, Greggs, Superdrug, Iceland, Carphone Warehouse and
H Samuel. Other nearby retailers include Argos, McDonald's, Farmfoods, Heron Foods and
New Look. Queens Square Shopping Centre has a multi-storey car park providing approximately
820 car parking spaces.
KSSJ Property Group was established in 2002
Commercial & Residential Property Investors
