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Lot 98 - 122A Lumley Close

Lot 98 - 122A Lumley Close

Address

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Auction date

19 Aug 2025

Guide price

£36,000

Type

Commercial

Tenure

Leasehold

EPC Rating

Unknown

Status

Upcoming

Auction location placehbolder

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

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