A private investor has purchased a Grade II listed, 3,000sq ft retail unit in Beverley town centre.
The property is let to Steamer Trading Limited, the UK’s leading specialist cook shop retailer. The family owned business has been trading for just over 30 years and now operate from 42 stores across the country.
Peter Heron, retail agent in our Leeds office, acted on behalf of the purchaser and commented, “We are really pleased to have completed the purchase of this income producing investment property for our client. The properties prime location and desirable retail destination offered the private investor strong potential for long term performance. Steamer Trading Limited have signed a new 10 year lease subject to an upward only rent review after the fifth year, with a commencing rent of £102,500 per annum.”
Other occupiers in surrounding properties include W H Smith, Boots, Laura Ashley and a number of aspirational niche retailers such as JoJo, Crew, FatFace, Joules and Hotel Chocolate, whose new store opens soon.