Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
45 miles north-east of Birmingham, 30 miles south of Nottingham, 20 miles north-east of Coventry
Roads
A6, A47, A563, M1
Rail
Leicester Railway Station
Air
East Midlands Airport
Situation
The property is situated in the heart of Leicester City Centre on the western side of the busy and pedestrianised Gallowtree Gate and approximately 75m south of the Clocktower and the major 120 unit
Highcross Shopping Centre, whose anchor tenants include John
Lewis, Debenhams and House of Fraser, and the Haymarket
Shopping Centre. Neighbouring occupiers include Marks & Spencer,
Boots the Chemist, Pret A Manger and H Samuel.
Tenure
Freehold.
Location
Miles
45 miles north-east of Birmingham, 30 miles south of Nottingham, 20 miles north-east of Coventry
Roads
A6, A47, A563, M1
Rail
Leicester Railway Station
Air
East Midlands Airport
Situation
The property is situated in the heart of Leicester City Centre on the western side of the busy and pedestrianised Gallowtree Gate and approximately 75m south of the Clocktower and the major 120 unit
Highcross Shopping Centre, whose anchor tenants include John
Lewis, Debenhams and House of Fraser, and the Haymarket
Shopping Centre. Neighbouring occupiers include Marks & Spencer,
Boots the Chemist, Pret A Manger and H Samuel.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with ancillary accommodation on the basement and first to third floors. The property benefits from access to the rear from Morley Arcade.
Six Week Completion
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 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 accommodation with ancillary accommodation on the basement and first to third floors. The property benefits from access to the rear from Morley Arcade.
Six Week Completion
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 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
Reversion
Ground Basement First Second Third
Retail Ancillary Ancillary Ancillary Ancillary
43.09 sq m 36.03 sq m 37.43 sq m 35.52 sq m 30.00 sq m
10 years from 22/05/2009 on a full repairing and insuring lease
£65,000
21/05/2019
Totals
182.07 sq m
(1,959 sq ft)
£65,000
(1) Three mobile is part of the multinational giant Hutchison Whampoa Limited (HWL). HWL is among the largest companies listed on the main board of the Hong Kong Stock Exchange, employing over 280,000 people in over 50 countries across the world within six core businesses. (Source: www.hutchison-whampoa.com). (2) The lease provides for a tenant option to determine the lease on 21/05/2014 on giving 6 months’ prior written notice. The tenant has NOT exercised this break option and the notice period has now expired.
