Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
13 miles east of Cambridge
Roads
A11, A14, M1
Rail
Newmarket Railway Station
Air
Stansted Airport
Situation
Newmarket is an affluent Suffolk market town located 13 miles east of Cambridge. The property is situated in a prime trading position on the northern side of the High Street, Newmarket’s main retailing thoroughfare and a few doors from the Guineas Shopping Centre.
Nearby occupiers include Marks & Spencer, Boots the Chemist, Argos, Tesco Express, Barclays Bank and HSBC.
Tenure
Freehold.
Location
Miles
13 miles east of Cambridge
Roads
A11, A14, M1
Rail
Newmarket Railway Station
Air
Stansted Airport
Situation
Newmarket is an affluent Suffolk market town located 13 miles east of Cambridge. The property is situated in a prime trading position on the northern side of the High Street, Newmarket’s main retailing thoroughfare and a few doors from the Guineas Shopping Centre.
Nearby occupiers include Marks & Spencer, Boots the Chemist, Argos, Tesco Express, Barclays Bank and HSBC.
Tenure
Freehold.
Description
The property comprises ground floor sales accommodation with ancillary accommodation located on the first floor.
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 sales accommodation with ancillary accommodation located on the first floor.
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
Ground First
Sales/Ancillary Ancillary
216.18 sq m 136.75 sq m
(2,327 sq ft) (1,472 sq ft)
WH SMITH RETAIL HOLDINGS LIMITED (1)
15 years from 06/11/2006 until 2021 on a full repairing and insuring lease
£90,000
06/11/2016
Totals
352.94 sq m
(3,799 sq ft)
£90,000
(1) For the year ending 31/08/2013, WH Smith Retail Holdings Limited reported a turnover of £169,180,000, pre-tax profits of £140,968,000 and a total net worth of £466,409,000. (Source: www.riskdisk.com 15/01/2015