Adjacent to Primark, Boots the Chemist and Superdrug
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 71
Auction 8th December 2016
Rent
Status Sold
Price £505,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
11 miles north of Hatfield, 15 miles east of Luton, 30 miles north of Central London
Roads
A1(M), A602
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation
Stevenage is a popular London commuter town some 30 miles north of Central London. The property is situated on the eastern side of pedestrianised Queensway in the heart of Stevenage town centre and directly opposite Primark. Other neighbouring occupiers include Boots the Chemist and Superdrug adjacent as well as McDonald's and Natwest Bank.
Tenure
Freehold.
Location
Miles
11 miles north of Hatfield, 15 miles east of Luton, 30 miles north of Central London
Roads
A1(M), A602
Rail
Stevenage Railway Station
Air
Luton Airport, Stansted Airport
Situation
Stevenage is a popular London commuter town some 30 miles north of Central London. The property is situated on the eastern side of pedestrianised Queensway in the heart of Stevenage town centre and directly opposite Primark. Other neighbouring occupiers include Boots the Chemist and Superdrug adjacent as well as McDonald's and Natwest Bank.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
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 ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
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 First Second
Retail Ancillary Ancillary
108.50 sq m 45.70 sq m 45.00 sq m
1,168 sq ft 492 sq ft 484 sq ft
LUXURY LEISURE (t/a Admiral Nobles Amusements)
25 years from 09/03/1993 on a full repairing & insuring lease
£48,000
08/03/2018
Total
199.2 sq m
2,144 sq ft
£48,000
(1) Luxury Leisure was incorporated in 1989. For the year ending 31st December 2015, Luxury Leisure reported a turnover of £53,544,645, pre-tax profits of £6,668,056 and a total net worth of £5,304,492. (Source: www.riskdisk.com 08/11/2016). Luxury Leisure is a wholly owned subsidiary of Novomatic UK Ltd who for or the year ending 31st December 2015 reported a turnover of £566,482, pre-tax profits of £34,692,713 and a total net worth of £110,010,804. (Source: www.riskdisk.com 08/11/2016).