Ground floor let to The Carphone Warehouse Limited
Carphone Warehouse did not exercise their March 2017 break option
Pedestrianised town centre location
Nearby occupiers include Holland & Barrett, Superdrug, Specsavers, Argos, Boots the Chemist and Asda
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 58
Auction 30th March 2017
Rent
Status Sold
Price £320,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles north-west of Ipswichm 15 miles south-east of Bury St Edmunds, 25 miles north of Colchester
Roads
A14, A140, A134, A11 & M11
Rail
Stowmarket Railway Station
Air
Norwich International Airport, London Stansted Airport
Situation
The property is prominently situated on the north side of pedestrianised Market Place at its junction with Butter Market in the heart of the town centre. The property is close to The Meadow Centre which houses retailers including Asda, Thomas Cook, Oxfam and Costa. Other nearby occupiers include Holland & Barrett, Superdrug, Specsavers, Argos and Boots the Chemist.
Tenure
Freehold.
Location
Miles
12 miles north-west of Ipswichm 15 miles south-east of Bury St Edmunds, 25 miles north of Colchester
Roads
A14, A140, A134, A11 & M11
Rail
Stowmarket Railway Station
Air
Norwich International Airport, London Stansted Airport
Situation
The property is prominently situated on the north side of pedestrianised Market Place at its junction with Butter Market in the heart of the town centre. The property is close to The Meadow Centre which houses retailers including Asda, Thomas Cook, Oxfam and Costa. Other nearby occupiers include Holland & Barrett, Superdrug, Specsavers, Argos and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with a self-contained two bedroom flat on the first and second floors let on a long lease.
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 double fronted ground floor retail unit with a self-contained two bedroom flat on the first and second floors let on a long lease.
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
Review/ (Reversion)
Ground
Retail/Ancillary
52.70 sq m
(567 sq ft)
THE CARPHONE WAREHOUSE LIMITED (1)
15 years from 23/03/2007 on a full repairing and insuring lease
£27,500
23/03/2017 (22/03/2022)
First and Second
Residential
Two bedroom flat
INDIVIDUAL
125 years from 01/01/2005
£100
(31/12/2129)
Total Commercial Area
52.70 sq m
(567 sq ft)
£27,600
(1) For the year ending 2nd May 2015, The Carphone Warehouse Limited reported a turnover of £2,056,123,000, pre-tax profits of £77,146,000 and a total net worth of £1,007,570,000 (Source: Experian Group 17/01/2017).