£525,000
(£124.08/sq. ft)
Retail premises for saleUnit 1, 23 Causeway Lane, Matlock, Matlock DE4
4,231 sq. ft
About this property
Investment
Fully let – prime commercial retail investment. 100% location in strong tourist town.
Secure, well let freehold in Matlock Town Centre
Let to Superdrug Ltd for a term of 5 years expiring 23/06/2027 at a rent of £34,000 per annum
erv: £40,250 per annum
Potential to increase the rent substantially upon the lease expiry in June 2027
Offers invited at £525,000 to show an initial yield of 6% and a reversionary yield of 7.335% net of purchasing costs
Tenant’s break in June 2025 which was not exercised
Fully let – prime commercial retail investment. 100% location in strong tourist town.
Secure, well let freehold in Matlock Town Centre
Let to Superdrug Ltd for a term of 5 years expiring 23/06/2027 at a rent of £34,000 per annum
erv: £40,250 per annum
Potential to increase the rent substantially upon the lease expiry in June 2027
Offers invited at £525,000 to show an initial yield of 6% and a reversionary yield of 7.335% net of purchasing costs
Tenant’s break in June 2025 which was not exercised
Mortgage calculator
Monthly repayment
£2,626 per month
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