The property occupies a prominent position on the corner of St Mary’s Row and Oxford Road almost directly opposite St Mary’s Church.
The M&S Foodhall comprises of 18,000 sq ft arranged over ground floor and first floor with the benefit of 75 designated parking spaces.
The property is let to Marks and Spencer Plc, trading as a Marks & Spencer Foodhall, on an FR&I lease for an unbroken term of 20 years from 31/10/2017. The current rent passing is £240,500 per annum which reflects £18.50 psf based on the ground floor area of 13,000 sq ft.
The rent is subject to 5 yearly reviews from the term commencement date to the lower of open market rental value or 2.5% per annum compounded.