CPH are pleased to market this ground and lower ground floor commercial investment on behalf of our retained client. The unit is located on busy St Nicholas Street which is home to national occupiers such as Marks and Spencers and HSBC and are complimented by a nice mix of local traders. The unit extends to a gross area of 1,550 sq ft (Ground floor 1,130 sq ft and basement 420 sq ft) and has a generous rear yard.
The unit is let to Ascenti Phyiso Ltd on a 5 year lease from June 2019 at a rent of £12,000 per annum. Previous to this tenancy, the unit had been let for a period of 17 years at a rent of £30,000 per annum. The upper floors are laid out as 3 leasehold apartments and have been sold off on 999 year leases. Our client is the current freeholder.
About the tenant:
We are Ascenti. The leading provider of physiotherapy and selected clinical outsourcing - helping thousands of people to elevate their health and live active lives every day. With more than 20 years’ experience serving both the public and private sectors, we are industry leading experts and passionate believers in our distinct clinical philosophy. Ascenti is a dynamic and progressive company – advancing physical therapies by making them more accessible to all, raising standards and pioneering new digitally enabled physiotherapy and musculoskeletal (MSK) services. Our amazing people make us who we are and lift us above the competition – with a national network of 300 directly employed Ascenti clinicians delivering upwards of 600,000 treatment sessions every year. Enabling people to make headway after illness and injury, step back in to work after accidents, or simply stay active and keep moving forward in their daily lives.