45 - 45a Hamilton Road Felixstowe Suffolk IP11 7BB

45 - 45a Hamilton Road
Felixstowe
Suffolk
IP11 7BB

Freehold Retail Investment

  • Let to New Look Retailers Limited with guarantee
  • Lease expires in October 2023 (No Breaks)
  • Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
  • Popular Suffolk Market Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    19
  • Auction
    25th May 2017
  • Rent
    £57,500 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Let to New Look Retailers Limited with guarantee
  • Lease expires in October 2023 (No Breaks)
  • Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
  • Popular Suffolk Market Town
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 19
  • Auction 25th May 2017
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads
A12, A14
Rail
Felixstowe Railway Station
Air
London Stansted Airport
Situation

The property is located in a prime position on the western side of the pedestrianised Hamilton Road, in the heart of Felixstowe town centre. Other nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, Iceland, Peacocks, Burton and Savers.

Tenure

Freehold.

Location
Miles
12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads
A12, A14
Rail
Felixstowe Railway Station
Air
London Stansted Airport
Situation

The property is located in a prime position on the western side of the pedestrianised Hamilton Road, in the heart of Felixstowe town centre. Other nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, Iceland, Peacocks, Burton and Savers.

Tenure

Freehold.

Description

The property comprises a ground floor shop, with offices/ ancillary accommodation on the first floor. The property benefits from access to the rear.

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 shop, with offices/ ancillary accommodation on the first floor. The property benefits from access to the rear.

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
First

Retail/Ancillary
Offices/Ancillary
139.82 sq m
57.60 sq m
(1,505 sq ft)
(620 sq ft)
NEW LOOK
RETAILERS
LIMITED (1) WITH
A GUARANTEE
FROM NEW LOOK
LIMITED (2)
15 years from
28/10/2008 on a full
repairing and
insuring lease
£57,500
28/10/2018
(27/10/2023)
Totals  
197.42 sq m
(2,125 sq ft)
    £57,500
 

(1) For the year ending 26th March 2016, New Look Retailers Limited reported a turnover of £1,398,502,000, pre-tax profits of £178,532,000 and a total net worth of £323,253,000. New Look are one of the UK's strongest fashion retailers and now trade from some 575 stores in the UK with 1150 worldwide (Sources: Experian Group and www.newlook.com 26/04/2017).
(2) For the year ending 26th March 2016, New Look Limited reported pre-tax profits of £103,501,000 and a total net worth of £103,398,000 (Source: Experian Group 26/04/2017).

Property Documents

  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    610 KB
    View PDF
  • Site Plan
    Updated Date
    29.10.19
    File Size
    2 MB
    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
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

Useful Links

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

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