Prime pedestrianised town centre location opposite Marks & Spencer
Nearby retailers include Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks
Tenant in occupation since 2003
Lot 82
Auction 13th October 2016
Rent
Status Sold
Price £315,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
On behalf of Insolvency Practitioners Deloitte
Property Information
Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation
The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks.
Tenure
Freehold.
Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation
The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with additional portable cabin storage to the rear which is currently used by the tenant.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
Completion Period
Six Week Completion
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 additional portable cabin storage to the rear which is currently used by the tenant.
VAT
VAT is applicable to this lot.
Note
This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.
Completion Period
Six Week Completion
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
Retail/Ancillary
85.47 sq m
(920 sq ft)
CLAIRE'S ACCESSORIES UK LIMITED (1)
5 years from 14/10/2013 on a full repairing and insuring lease
£36,500
13/10/2018
Totals
85.47 sq m
(920 sq ft)
£36,500
(1) For the year ending 31st January 2015, Claire’s Accessories UK Limited reported a turnover of £125,298,000, pre-tax profits of £1,295,000 and a total net worth of £80,403,000. (Source: Experian Group 07/09/2016).