Currenlty listing 1,027 upcoming property auctions in the UK

Lot 98 - 122A Lumley Close
Address
See address
Auction date
19 Aug 2025
Guide price
£36,000
Type
Commercial
Tenure
Leasehold
EPC Rating
Unknown
Status
Upcoming

Description
This property offers a high yielding retail investment with notable asset management potential, situated within a well-established residential area. The ground floor retail unit measures approximately 1,286 sq ft (119.5 sq m) and is currently leased to a private individual operating as Lush Tanning, under a three-year lease that expires on September 21, 2025, bringing in a rental income of £6,000 annually. The investment potential is enhanced due to the opportunity to renew the lease and possibly increase rent, as similar nearby properties are being let for higher amounts.
The property is positioned as the main retail hub for the local residential community and has the advantage of being located along the primary pedestrian pathway that connects to the Galleries Shopping Centre.
Last update: 12 Aug 2025