Property overview

Acting on behalf of the LPA Receiver, Franck-Steier Price Ltd (FSP) has recently concluded the sale of this prime retail unit in the centre of Nuneaton.

The building extends to 1,966 sqft on ground floor with a further 1,913 sqft of first floor storage accommodation.

The unit is let to Game Retail Ltd on a 5 year term from March 2012. The lease is subject to a Schedule of Condition. The current rent passing is £50,000 per annum.

A private company paid £425,000, reflecting an initial yield of 11.23%. Johnson Consultancy acted for the purchaser.