Let on a 10 year lease until 2025 (subject to option)
Tenant occupying following lease renewal
Pedestrianised town centre location in Popular University Town
Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett
For the Seller's Legal Pack, please click the Property Documents tab below
For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
Lot 68
Auction 11th February 2016
Rent £47,500 per Annum Exclusive
Status Sold
Price £495,000
Sector High Street Retail
Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Receivers CBRE
Property Information
Location
Miles
40 miles north east of Birmingham, 12 miles north of Leicester, 15 miles south of Nottingham
Roads
A6, M1 (Junction 23)
Rail
Loughborough Railway Station
Air
East Midlands Airport, Birmingham Airport, Nottingham Airport
Situation
The property is situated in a prominent position on the west side of pedestrianised Cattlemarket in Loughborough Town Centre, close to Market Street and some 80 metres south of the Carillon Court Shopping Centre. Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett.
Tenure
Freehold.
Location
Miles
40 miles north east of Birmingham, 12 miles north of Leicester, 15 miles south of Nottingham
Roads
A6, M1 (Junction 23)
Rail
Loughborough Railway Station
Air
East Midlands Airport, Birmingham Airport, Nottingham Airport
Situation
The property is situated in a prominent position on the west side of pedestrianised Cattlemarket in Loughborough Town Centre, close to Market Street and some 80 metres south of the Carillon Court Shopping Centre. Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett.
Tenure
Freehold.
Description
The property comprises ground floor retail unit with ancillary accommodation on the first floor. The property further benefits from a detached workshop to the rear of the property and a service yard accessed from Granby Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail unit with ancillary accommodation on the first floor. The property further benefits from a detached workshop to the rear of the property and a service yard accessed from Granby Street.
Six Week Completion
Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is not 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/Reversion
Ground First
Retail Ancillary
236.10 sq m 84.7 sq m
(2,541 sq ft) (912 sq ft)
BETEL OF BRITAIN (1) (t/a Restored)
10 years from 25/03/2015 on a full repairing and insuring lease (2)
£47,500
25/09/2020 24/03/2025)
Totals
320.80 sq m
(3,453 sq ft)
£47,500
(1) Betel of Britain is a registered charity and is a ministry of WEC International, who currently have over 1800 workers in over 80 countries (Source: www.betel.org.uk). Betel operate from some 15 stores around the country. (2) The lease provides for a tenant option to determine the lease on 25/03/2020, subject to 6 months prior written notice.
