• Let to TUI UK Retail Limited – Shareholders’ Funds £193m. TUI AG Group, market cap of £4.9 bn.

• Located in affluent market town

• Tenant recently extended their occupation at a rebased rent

• Tenant has been in occupation for over 25 years

• 100% prime retailing pitch

• Freehold

• £380,000, subject to contact

• 8.25% net initial yield

The property occupies a 100% prime retailing pitch on Butter Market which is the towns’ principal retailing thoroughfare and is adjacent to Market Square. Nearby occupiers include Holland & Barratt, Marks & Spencer, The Body Shop, JD Sports, EE, Specsavers, Superdrug and McDonald’s.

Butter Market benefits from a vibrant market every Wednesday and Saturday, resulting in a high level of footfall.

The property comprises a retail unit arranged over ground, first and second floors. The ground floor comprises a sales area and the upper floors comprises staff/ancillary accommodation.

The property has been fitted out by Tui in their usual corporate style. This branch provides a full range of services.

The property is Grade II Listed and is located within a conservation area.

Freehold.

Tui UK Retail Limited has reported the following figures:

TUI UK Retail Ltd is a subsidiary of the TUI AG Group, a multi-national travel company dating back to 1923. TUI have been voted the ‘World’s Best Leisure Airline’ at the World Airline Awards for five consecutive years and operate from over 600 travel agencies in the UK. The TUI AG Group is listed on the London Stock Exchange in the FTSE 100 Index and have a market cap of £4.9 bn.

In 2018 TUI AG Group reported a turnover of €19.5 bn, and an underlying EBITA of €1,147 m.

For further information visit www.tuigroup.com.

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 an affluent market town;

2. Let to TUI Retail Limited (Shareholders’ Funds £193m);

3. Tenant recently renewed their lease at a rebased rent;

4. Tenant has been in occupation for over 25 years;

5. Situated in a 100% prime retailing pitch;

6. Re-based rent;

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

8. Attractive lot size to an investor.

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