Investment opportunity, Bude

Written by Theresa Tyack Monday, 11 January 2010 09:43

LPA Receivers have instructed the marketing of The Strand Shopping Centre located on one of Bude's main retail thoroughfares and close to such high street traders as NatWest Bank and William Hill.

The Shopping Centre includes 16 units located around a central courtyard with the individual shops ranging in size from 11.4 sq m (122 sq ft) to 56.1 sq m (604 sq ft). Currently, 7 units are occupied, with strong interest in the remainder, which includes a cafe taking up 4 units and a further empty double unit.

Rentals commence at £200 per calendar month, with a total rent roll in excess of £40,000 per annum when the complex is fully occupied.

The freehold interest in the shopping centre is being made available by Informal Tender with best and final offers to be received by 12 Noon on 12 February 2010.

Mike Nightingale, Partner, comments, "The Strand Shopping Centre is a long established, interesting development in an attractive part of the beach resort, which enjoys excellent summer seasonal footfall".

The premises are offered off a guide price of £350,000.

For full details contact Mike Nightingale on 01872 247008.

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