93 Spring Gardens

Buxton, SK17 6BP

93 Spring Gardens, Buxton, Investment / Retail For Sale - IMG20250205WA0009.jpg
93 Spring Gardens, Buxton, Investment / Retail For Sale - Street View
93 Spring Gardens, Buxton, Investment / Retail For Sale - IMG20250205WA0012.jpg
93 Spring Gardens, Buxton, Investment / Retail For Sale - IMG20250205WA0009.jpg
93 Spring Gardens, Buxton, Investment / Retail For Sale - Street View
93 Spring Gardens, Buxton, Investment / Retail For Sale - IMG20250205WA0012.jpg
Property Type Investment / Retail
Tenure For Sale
Size 856 sq ft
Price £200,000
Business Rates 1 April 2023 to present
Service Charge Upon Enquiry
Energy Performance Rating Upon enquiry

Prime Retail Investment Opportunity - FOR SALE

Key Points

  • Strong Covenant Tenant
  • Prime Retail Location
  • £14,000 rent passing
  • Secure Income Stream

Description

The property comprises a well-configured retail unit let to Oxfam with a store/outbuilding to the rear, producing £14,000 per annum in rental income.

The lease is protected under the Landlord and Tenant Act 1954, and expires on the 28th February 2029, with five-yearly rent reviews— the last two of which have not been enacted. The lease is on a Full Repairing and Insuring (FRI) basis, managed by the freeholder, with all costs fully reimbursed by the leaseholders.

This branch is one of Oxfam’s strongest performers in the North West, providing a secure and attractive investment opportunity.

The upper floors consist of two residential apartments, each sold on long leaseholds at a peppercorn rent with approximately 200 years remaining.

Available area

The accommodation comprises the following areas:

Name sq ft sq m Availability
Ground 813 75.53 Occupied
Ancillary - Storage Building 43 3.99 Occupied
Total 856 79.52

Location

93 Spring Gardens occupies a prime position in the heart of Buxton’s main retail parade. Spring Gardens is the town’s principal shopping street, home to a strong mix of national and independent retailers. Buxton is a thriving spa town on the edge of the Peak District, benefitting from high footfall driven by tourism and a strong local economy. The property is well-positioned near major car parks and public transport links, making it a highly accessible and attractive retail destination.

Viewings

Strictly by appointment with sole agents Hallams Property Consultants.

Terms

The premises are available by way of Freehold Disposal.