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Investment Highlights
- Substantial Freehold Retail Investment.
- New 5 year lease from December 2025 (expiring December 2030).
- Comprises approximately 936.52 sq m (10,081 sq ft).
- Low Capital value psf on Guide Price (£20.83 psf CV).
- Let to Superdrug Stores Plc.
- Fixed rental increase to £25,000 pa in the third year.
- Low rent of £2.23 psf.
- Investment let at £22,500 pa (10.71% on Guide Price).
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- sq ft Occupied
- Rent/sq ft
- Lease End
Aldi is a privately held discount supermarket group operating worldwide under two entities: Aldi Nord and Aldi Süd. Founded by Karl and Theo Albrecht, the company pioneered a no-frills retail model that emphasizes efficiency, low prices, and high-quality private-label products. Aldi’s streamlined approach minimizes overhead costs, enabling customers to enjoy significant savings without compromising quality. The brand is recognized for its sustainability initiatives, including reducing packaging waste and promoting recyclable materials. Today, Aldi continues to expand globally, maintaining its core values of simplicity, responsibility, and consistency while delivering a convenient shopping experience.
- Fone Fixers
- -
- 700 sq ft
- -
- -
- Gadget Repair Centre
- -
- 3,030 sq ft
- -
- -
Morrisons is a British supermarket company founded in 1899 by William Morrison in Bradford. The business began as an egg and butter stall in Rawson Market before expanding into retail shops and later developing its first supermarket in the 1960s. Over decades, Morrisons introduced notable operational milestones, including self-service formats, vertically integrated food manufacturing, and the Market Street concept for fresh food preparation. These developments shaped its identity as a food-focused retailer with control over sourcing and processing. The company remained listed on the London Stock Exchange until its acquisition by Clayton, Dubilier & Rice in 2021, after which it continued operating as a privately held business. Today, Morrisons maintains its headquarters at Hilmore House in Bradford, reflecting its longstanding ties to the region. Its operations span grocery retailing, in-house food production, and online services, supported by integrated logistics and distribution. The company continues to evolve through leadership changes, digital transformation efforts, and ongoing investment in its retail operations.
Superdrug is a UK-based health and beauty retailer founded in 1964. The company began with its first store in Putney and expanded steadily throughout the following decades, adding retail locations and developing its product range. In 2002, Superdrug became part of the AS Watson Group, which itself is owned by CK Hutchison Holdings. From its headquarters in Croydon, Superdrug oversees operations that include retail stores, pharmacy services and digital commerce. The brand has continued evolving its offering through initiatives such as online doctor services and expanded beauty concepts. Superdrug is publicly associated with its parent organization’s global retail network while its own brand identity remains centered on providing accessible beauty and health products. The company trades under CK Hutchison’s broader portfolio, which is publicly listed on the Hong Kong Stock Exchange under ticker 0001.HK.
| Tenant | Industry | sq ft Occupied | Rent/sq ft | Lease End | ||
|
Retailer | 18,000 sq ft | - | - | ||
| Fone Fixers | - | 700 sq ft | - | - | ||
| Gadget Repair Centre | - | 3,030 sq ft | - | - | ||
|
Retailer | 15,000 sq ft | - | - | ||
|
Retailer | 8,542 sq ft | - | Apr 2019 |
Nearby Major Retailers
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19-19A Fore St
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