THIS is what it would cost you to rent a department store in the heart of downtown.
The vacant Cranbourne Street office building could be yours – provided you have £ 70,000 to spend.
This does not include fares, which have been assessed at £ 53,000.
Located on the busy pedestrianized thoroughfare connecting Churchill Square Shopping Center to Duke Street and The Lanes, the shoe store enjoys “high traffic day and night”.
So much so that each square foot of the unit has been valued at £ 30.55 – which adds up quickly in a building over 2,000 square feet.
Configured on the ground floor, ground floor, first and second floors, stairs at the rear of the property lead to the lower and upper floors which are currently used for storage.
Details were posted on real estate listing site Zoopla, announcing a “rare opportunity” to acquire the “impressive” building.
The ad reads: “The property has a remarkable 35 ‘large glazed frontage and a washroom is located on the lower ground floor and second floor.
“A rare opportunity to acquire this impressive and prominent Class E building that would suit a variety of commercial occupants.
“A new full repair and insurance lease for a term to be agreed starting at a rental start of £ 70,000 per annum exclusive and subject to rent reviews at appropriate intervals.”
The property is marketed by Graves Son and Pilcher.
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This notice was published: 2021-05-19 23:01:00