Investment for sale

A substantial town centre retail investment in a prominent position on Meneage Street, Helston. The two-storey building has a pitched roof and a substantial glazed frontage. Inside is open-plan sales space, with stores, office and staff facilities on the first floor, all fitted to Superdrug's corporate specification. The second floor provides plant room and stores. In total the property extends to approximately 6,762 sq ft (628.2 sq m). Rear loading is via an area shared with Boots, accessed from The Parade.
The property is let to Superdrug Stores Plc on a full repairing and insuring lease recently extended to 20 May 2031, at a passing rent of £34,000 p.a. The tenant has an option to break in 2029. Superdrug is a UK health and beauty retailer, second on the high street behind Boots, and is wholly owned by A.S. Watson (Health & Beauty UK) Ltd. For the year to 28 December 2024 it reported turnover of £1.63 billion and pre-tax profit of £136.8 million, trading from more than 800 stores.
The freehold is offered at offers over £350,000, reflecting an initial yield of about 9.7%.
Unit Name: b | 6762 sqft |