198-200 Ashley Road | Hale
Acting on behalf of private clients, Edwards & Co have sold the freehold interest in this prime retail unit.
Located fronting Ashley Road, Hale's principal retail thoroughfare, this double fronted ground floor retail unit occupies a prominent position and has upper floor ancillary accommodation.
It is let to Barclays Bank Plc on full repairing and insuring terms by way of a 20 year lease expiring on 10th May 2027 at a rent passing of £66,500 per annum. The lease is subject to five yearly upwards only reviews and incorporates a tenant's option to determine at the expiration of the 15th year of the term.
It was sold off market for £1,250,000 in March 2016.