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Key Features
Attractive freehold investment with extensive development potential, prominent corner location in town centre
Lloyds Bank PLC covenant on renewed lease at £80,000 pax until 24th December 2030
Lloyds has been in occupation since 1956
Potential for residential conversion of upper parts and retaining ground-floor commercial
Drawings created for 8 flat development concept
Potential for additional residential via vertical extension new build
1-5 The Broadway is under a single title, let on a single FRI lease
Potential to reconfigure to self-contained ground floor commercial
Offers invited in excess of £865,000, a purchase at this level would show a net initial yield of 8.75%
