Property overview

Iceland, Preston Street, Whitehaven CA28 9DL

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Jul 2024

High yielding Iceland food retail investment in Whitehaven.


Located on edge of town centre next to Aldi & Home Bargains.  Other occupiers nearby include Asda, Kwik Fit, Enterprise and IMO.


Detached retail unit of 6,989 sq ft on a shared site with Aldi and a total of 118 car spaces.


Let to Iceland Foods Ltd on a 25 year lease from February 2005. Tenant option to break in February 2025 not exercised.


Rent – £92,336 per annum.


We are instructed to seek offers in excess of £920,000 (Nine Hundred & Twenty Thousand Pounds) subject to contract and exclusive of VAT.


A purchase at this price would reflect a net initial yield of 9.5%, assuming costs of purchase of 5.7%.


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