Leicestershire retail parade handed £2.6m price tag
A retail parade in Market Harborough, Leicestershire has been placed on the investment market with an asking price of £2,600,000, reflecting a net initial yield of 7.2%.
Located at 14-24 The Square, the asset comprises six retail units extending to approximately 7,039 sq ft. It is currently let to five national retailers, including a Boots Opticians, as well as a boutique chocolaterie.
The property produces an annual rental income of £200,000 and has a weighted average unexpired lease term of 3.2 years to expiry and 2.8 years to break.
The building’s upper parts offer future asset management and alternative use potential, subject to the necessary consents.
14-24 The Square occupies a prominent position within Market Harborough’s town centre, benefitting from strong footfall, tourism, public realm and proximity to a range of national and established local occupiers.
Green & Partners has been appointed to find a suitable buyer.