Entirely let to W H Smith Retail Holdings Limited recently renewed on a rebased rent
Prime pedestrianised retail position opposite the entrance to The Britannia Shopping Centre
Nearby occupiers include New Look, H Samuel, The Carphone Warehouse and Costa Coffee
Lot 35
Auction 23rd October 2014
Rent £70,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of a Real Estate Investment Trust
Property Information
Location
Miles
13 miles south-west of Leicester 4 miles north-east of Nuneaton
Roads
A47, M69, A50
Rail
Hinckley Railway Station
Air
Birmingham Airport, East Midlands Airport
Situation
Prominently situated in a prime pedestrianised location in this popular town centre opposite the entrance to The Britannia Shopping Centre. Nearby occupiers include New Look, H Samuel, The Carphone Warehouse and Costa Coffee.
Tenure
Freehold.
Location
Miles
13 miles south-west of Leicester 4 miles north-east of Nuneaton
Roads
A47, M69, A50
Rail
Hinckley Railway Station
Air
Birmingham Airport, East Midlands Airport
Situation
Prominently situated in a prime pedestrianised location in this popular town centre opposite the entrance to The Britannia Shopping Centre. Nearby occupiers include New Look, H Samuel, The Carphone Warehouse and Costa Coffee.
Tenure
Freehold.
Description
The property comprises a large retail unit on the ground floor with storage to the rear and further retail accommodation and Post Office on the first floor with storage and a kitchen. The second floor is currently not in use. A passenger lift provides access between the ground and first floors. The property benefits from rear access to Church Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a large retail unit on the ground floor with storage to the rear and further retail accommodation and Post Office on the first floor with storage and a kitchen. The second floor is currently not in use. A passenger lift provides access between the ground and first floors. The property benefits from rear access to Church Street.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
First
Second
Retail Storage Retail Ancillary Not currently used
5 years from 25/09/2012 on a full repairing and insuring lease
£70,000
24/09/2017
Totals
997.4 sq m
(10,736 sq ft)
£70,000
(1) For the year ending 31st August 2013, W H Smith Retail Holdings Limited reported a turnover of £169,180,000, pre-tax profits of £140,968,000 and a total net worth of £466,409,000. (Source: www.riskdisk.com 24th September 2014)
