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28/30 West Street, Boston, PE21 8QH

Acuitus Auction: 24/05/2012

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LOT 37

Rent: £8,800 per Annum Exclusive

Freehold Retail Investment

  • Let to Thomas Cook Travel Ltd guaranteed by Thomas Cook Group
  • UK Ltd
  • Principal regional market town
  • Located in a prominent position in the town centre
  • Six Week Completion Available

Peter Cunliffe|Tel: +44 (0)20 7034 4852|Email: peter.cunliffe@acuitus.co.uk

Tom Ryder|Tel: +44 (0)20 7034 4858|Email: tom.ryder@acuitus.co.uk

View Tenancy Schedule

Location

  • Miles: Boston town centre, 32 miles south-east of Lincoln, 33 miles north-east of King’s Lynn
  • Roads: A17, A52
  • Rail: Boston Rail Station
  • Air: Nottingham East Midlands Airport

Situation

The property is situated in the town centre, some 150 metres from Boston Station. Boston acts as the principle retail centre for the region. Nearby occupiers include the West End Cinema, Blockbuster, Video, Corals and The Post Office.

Tenure

Freehold.

Description

The property comprises ground retail unit with two upper floors of
ancillary accommodation.

VAT

VAT is applicable to this lot.

CONTACTS

Acuitus

Peter Cunliffe
Peter Cunliffe Tel: +44 (0)20 7034 4852
Email: peter.cunliffe@acuitus.co.uk
Tom Ryder
Tom Ryder Tel: +44 (0)20 7034 4858
Email: tom.ryder@acuitus.co.uk

Solicitors

Weightmans Solicitors

Pall Mall Court, 61-67 King Street
Manchester
M2 4PD

Steven Silver
Tel: 0161 233 7330
Email: steven.silver@weightmans.com

TENANCY & ACCOMMODATION
Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews
Ground
Ground

First Floor
Second Floor
 Retail
Staff Area and
Ancillary Storage
Ancillary
Ancillary
72.02 sq m
31.50 sq m

18.00 sq m
13.50 sq m
(775 sq ft)
(339 sq ft)

(194 sq ft)
(145 sq ft)
 THOMAS COOK TRAVEL LTD guaranteed by Thomas Cook Group UK Ltd (t/a The Co-operative Travel) (1) 10 years from
01/10/2011 until 2021
on a full repairing
and insuring lease
(2) (3) (4)
£8,800
 01/10/2016
Ground Floor Totals
135.02 sq m
(1,453 sq ft)
     £8,800

1) For the year ending 30th September 2010 Thomas Cook Group UK Limited reported a total net worth of £718,887,000. (Source: www.riskdisk.com 18/04/2012)
(2) The lease provides for a tenant’s option to determine on the 1st October 2016.
(3) The lease is subject to a Schedule of Condition.
(4) On 4th October 2011 Thomas Cook Group, The Co-Operative Travel and Midlands Co-Operative established a joint venture to combine their UK High Street travel and foreign exchange businesses, creating the UK’s largest travel retailer with around 1,200 branches across England, Scotland, Wales and Northern Ireland.

The purchaser of each lot is deemed to purchase with notice and full knowledge of the important notice to bidders, the common auction conditions, the special conditions of sale and verbal or written addenda.

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