M&S Food, 19-21 Aughton Street, Ormskirk, West Lancashire L39 3BH

Sold

Price £1,950,000

Rent (pa) £173,128

Yield 8.36%

Investment Summary

High yielding Foodstore investment in desirable market town
Situated in Ormskirk, an affluent West Lancashire market town
Prominently located in Ormskirk town centre, adjacent to the pedestrianised retail pitch of Aughton Street and Church Street
Total floor area of 8,381 sq ft
Total site area of 0.55 acres
Let on assignment to Marks & Spencer plc
The original tenant, Bejam Group Ltd (guaranteed by Ice Acquisitions Ltd) entered into an Authorised Guarantee Agreement (AGA).
25-year lease from 28th February 2005, expiring on 27th February 2030 (5.25 years unexpired).
Tenant only break option in February 2025 has been removed
Current passing rent is £153,020 per annum (£18.26 psf)
Rent topped up to the fixed uplift of £173,128 per annum (£20.66 psf) in February 2025
Majority Freehold, part long leasehold for 1,000 years at a peppercorn.