TypeGround Rents · Retail Investments
TenureFor sale
The property comprises the freehold of TheExchange Building, the ground floor retail/banks and first floor gym and offices have been sold off on a 999 year lease and sub-let by the tenant. Part of the basement and the upper floors have been sold off on a 250 year lease at an initial ground rent of £10,000 pa, rising to £20,000 pa and are to be converted to residential use.
The property is located at the entrance to the Broadway Shopping Centre, where occupiers now include Boots, WH Smiths, Poundland, Sketchers, River Island, new Look, H&M, with a new Primark store coming shortly.