Entirely let to Iceland Foods Limited until 2023 (no breaks)
Town Centre Location on Pedestrianised Retailing Thoroughfare
Nearby occupiers include Wilkinson, HSBC, Greggs and Superdrug
Lot 69
Auction 23rd October 2014
Rent
Status Sold
Price £1,100,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
4 miles north-west of Nottingham 9 miles south of Mansfield
Roads
B682, A6002, A610, M1 (Junction 26)
Rail
Bulwell Rail Station
Air
East Midlands Airport
Situation
The property is situated in Bulwell town centre, on the western side of the pedestrianised Main Street, close to its junction with Market Place. Nearby occupiers include Wilkinson, HSBC, Greggs and Superdrug.
Tenure
Freehold.
Location
Miles
4 miles north-west of Nottingham 9 miles south of Mansfield
Roads
B682, A6002, A610, M1 (Junction 26)
Rail
Bulwell Rail Station
Air
East Midlands Airport
Situation
The property is situated in Bulwell town centre, on the western side of the pedestrianised Main Street, close to its junction with Market Place. Nearby occupiers include Wilkinson, HSBC, Greggs and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor storage accommodation.
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 ground floor retail unit with first floor storage accommodation.
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
Reviews
Ground First
Retail Storage
464.50 sq m 198.25 sq m
5,000 sq ft) (2,134 sq ft)
ICELAND FOODS LIMITED (1)
20 years from 01/10/2003 until 30/09/2023 on a full repairing and insuring lease
£85,000
01/10/2018 (2)
Totals
662.75 sq m
(7,134 sq ft)
£85,000
(1) For the year ending 28th March 2014, Iceland Foods Limited reported a turnover of £2,699,261,000, pre-tax profits of £173,932,000 and a total net worth of £364,657,000. (Source: www.riskdisk.com 30/07/2014)