47 High Street Leighton Buzzard Bedfordshire LU7 1DN

47 High Street
Leighton Buzzard
Bedfordshire
LU7 1DN

Freehold Retail Investment

  • Let to Blacks Outdoor Retail Limited (t/a Millets) – a subsidiary of JD Sports Fashion plc
  • New 10 year lease from June 2014 (No breaks)
  • In occupation since 2004 (previously in Waterborne Walk Shopping Centre)
  • Prime location in popular market town
  • Located between Waterborne Walk and Boots the Chemist and close to Waitrose, WH Smith, 99p Stores and Costa Coffee
  • Affluent and growing commuter town
  • Lot
    42
  • Auction
    11th December 2014
  • Rent
    £40,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £495,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Blacks Outdoor Retail Limited (t/a Millets) – a subsidiary of JD Sports Fashion plc
  • New 10 year lease from June 2014 (No breaks)
  • In occupation since 2004 (previously in Waterborne Walk Shopping Centre)
  • Prime location in popular market town
  • Located between Waterborne Walk and Boots the Chemist and close to Waitrose, WH Smith, 99p Stores and Costa Coffee
  • Affluent and growing commuter town
  • Lot 42
  • Auction 11th December 2014
  • Rent
  • Status Sold
  • Price £495,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

Property Information

Location
Miles
12 miles south-east of Milton Keynes
13 miles north-west of Luton
42 miles north-west of Central London
Roads
A5, A418, A4146, M1
Rail
Leighton Buzzard Railway Station
Air
Luton Airport
Situation

Leighton Buzzard is an affluent and growing commuter market town located midway between Luton and Milton Keynes. The property is situated between Market Square and Waterborne Walk Shopping Centre in a prime retailing position on High Street.
The town also benefits from an outdoor market which is held twice a week.
Significant nearby retailers include Waitrose, Boots the Chemist, Wilkinson, New Look, Superdrug, Costa Coffee and WH Smith.

Tenure

Freehold.

Location
Miles
12 miles south-east of Milton Keynes
13 miles north-west of Luton
42 miles north-west of Central London
Roads
A5, A418, A4146, M1
Rail
Leighton Buzzard Railway Station
Air
Luton Airport
Situation

Leighton Buzzard is an affluent and growing commuter market town located midway between Luton and Milton Keynes. The property is situated between Market Square and Waterborne Walk Shopping Centre in a prime retailing position on High Street.
The town also benefits from an outdoor market which is held twice a week.
Significant nearby retailers include Waitrose, Boots the Chemist, Wilkinson, New Look, Superdrug, Costa Coffee and WH Smith.

Tenure

Freehold.

Description

The property comprises ground floor retail with ancillary accommodation at basement, first and second floor levels.

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 ground floor retail with ancillary accommodation at basement, first and second floor levels.

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/(Reversion)
Ground
Basement
First
Second
Retail/Ancillary
Ancillary
Ancillary
Ancillary
152.45 sq m
27.40 sq m
84.45 sq m
24.25 sq m
(1,641 sq ft)
(295 sq ft)
(909 sq ft)
(261 sq ft)
BLACKS
OUTDOOR RETAIL
LIMITED
t/a Millets (1)
10 years from
07/06/2014 on a full
repairing and insuring
lease
£40,000 (2) 07/06/2019
(06/06/2024)
Totals
288.55 sq m
(3,106 sq ft)
    £40,000

(1) Blacks Outdoor Retail Limited is a subsidiary (and part of The Outdoor Division) of JD Sports Fashion plc. It currently trades from around 80 Millets and 74 Blacks stores. JD Sports Fashion plc are expanding Blacks Outdoor Retail Limited through corporate and single shop acquisitions, most recently acquiring Oswold Bailey Limited. (Source: www.jdplc.com and www.millets.co.uk).
(2)As part of the lease negotiations, the tenant was granted a rent free period of 9 months spread over the first five years of the term.
The seller will pay the buyer the rent that would have been due in the absence of the concessionary rental period. Therefore, the property will produce £40,000 p.a.x. from completion of the sale.

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    100 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    615 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Smith Price LLP
Stephen Powell 020 7409 2100stephenpowell@smithprice.co.uk
Seller's Solicitors
Shepherd & Wedderburn 10 St Pauls Churchyard
London
EC4M 8AL
Jonathan Rickard 0207 429 4949jonathan.rickard@shepwedd.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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