Entirely let to The Edinburgh Woollen Mill Limited
Located on Tiverton’s prime pedestrianised retailing thoroughfare
Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse
Lot 49
Auction 11th December 2014
Rent £43,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On Behalf of Receivers
Property Information
Location
Miles
15 miles north of Exeter 20 miles south-west of Taunton
Roads
A396, A361, M5 (Junction 27)
Rail
Tiverton Parkway Railway Station
Air
Exeter Airport
Situation
The property is situated in Tiverton town centre on the northern side of the pedestrianised Fore Street, the main retailing thoroughfare. Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse.
Tenure
Freehold.
Location
Miles
15 miles north of Exeter 20 miles south-west of Taunton
Roads
A396, A361, M5 (Junction 27)
Rail
Tiverton Parkway Railway Station
Air
Exeter Airport
Situation
The property is situated in Tiverton town centre on the northern side of the pedestrianised Fore Street, the main retailing thoroughfare. Nearby occupiers include Boots, NatWest, Barclays and Carphone Warehouse.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with first floor ancillary accommodation, a self-contained residential flat on the second floor and the third floor is built within the roof void providing attic space. The property benefits from a single storey extension and staff car parking.
Six Week Completion
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 ancillary accommodation, a self-contained residential flat on the second floor and the third floor is built within the roof void providing attic space. The property benefits from a single storey extension and staff car parking.
Six Week Completion
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
Review
Ground First Second Third
Retail Ancillary Residential (3) Attic
185.30 sq m 74.30 sq m Not measured
(1,995 sq ft) (800 sq ft)
THE EDINBURGH WOOLLEN MILL LIMITED (1)
20 years from 24/01/1998 until 22/01/2018 on a full repairing and insuring lease
£43,000
21/01/2013 (2)
Total Commercial Floor Area
259.60 sq m
(2,795 sq ft)
£43,000
(1) For the year ending 2nd March 2013, The Edinburgh Woollen Mill Limited reported a turnover of £169,713,000, pre-tax profits of £23,130,000 and a total net worth of £187,301,000. (Source: www.riskdisk.com 12/11/2014) (2)The 2013 rent review is outstanding. (3)We understand that the residential flat is not currently occupied.