• Loughborough is a popular student town, named University of the Year 2019

• Located in a central retailing pitch

• Let to the secure covenant of Cancer Research UK

• Freehold

• £510,000, subject to contract

• 8.0% Net Initial Yield

The property occupies a central retailing pitch on the pedestrianised Market Street in the heart of the town centre. Nearby occupiers include Costa, Specsavers, Santander, Superdrug, Vodafone and Primark.

The property benefits from being in close proximity to the Carillion Court Shopping Centre which comprises approximately 6,782 sq m (73,000 sq ft) of retail accommodation in 36 units. Retailers in the scheme include Boots, Topshop, The Body Shop, WH Smith, H Samuel, Thorntons, Pandora, Game and Claire’s.

The former hospital site on Baxter Gate is also close by. Developed in 2016, this leisure scheme totals approximately 4,784 sq m (51,500 sq ft) and comprises a Cineworld cinema plus numerous restaurants including Nando’s, Pizza Express, Starbucks, Loungers and Bella Italia.

The property comprises a ground floor retail unit with ancillary accommodation at first and second floor level.

The property has the benefit of a right of emergency escape over the adjoining property (72 Market Street), but is subject to a right of way over the property in favour of the owners and occupiers of 72 Market Street.

According to the Valuation Office website the rateable value for the property is as follows:

The business rate multiplier is 50.4 pence per pound.

Freehold.

Cancer Research UK (Co. No. 4325234) has reported the following figures:

Cancer Research UK is reputedly the world’s largest cancer charity dedicated to saving lives through research. They began in 1902 with Imperial Cancer Research Fund. In 2002, Imperial Cancer Research Fund merged with Cancer Research Campaign to form Cancer Research UK.

Their ambition is to save lives and to accelerate progress which would see three quarters of cancer patients survive their illness. Through their retail outlets, they fund and pioneer new ways to prevent, diagnose and treat cancer, as well as finding ways to optimise treatment. For further information, please visit www.cancerresearchuk.org.

The property has been registered for VAT. It is anticipated that the sale will be treated as a Transfer of a Going Concern (TOGC).

1. An opportunity to acquire a freehold retail investment in a popular student town;

2. Let to Cancer Research UK, a highly secure and established tenant;

3. The property occupies a prime retailing pitch;

4. A purchase at the asking price reflects an attractive net initial yield;

5. Attractive lot size to a purchaser.

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