The Body Shop, 30-30A, West Gate, Mansfield, NG18 1RSMake an enquiry
Franck-Steier Price has recently completed the freehold purchase of a retail unit on West Gate for a private property company client.
The property comprises a ground floor retail unit with ancillary accommodation to the rear and additional storage space at first floor.
The property is let in its entirety to The Body Shop International plc on a lease date 08 June 1990 for a term of 25 years, expiring 24 December 2014 at a rent of £73,000.
The purchased price of £495,000 reflected a net initial yield of 14.07% assuming costs of purchaser’s costs of 4.8%. Colliers International represented the vendor.