71 High Street Scunthorpe DN15 6LY

71 High Street
Scunthorpe
DN15 6LY

Freehold Retail Investment

  • Let to Tui UK Retail Limited t/a Thomson
  • Pedestrianised location some 35 metres from The Foundry Shopping Centre
  • Nearby occupiers include New Look, Boots the Chemist, Specsavers Optician and Primark
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    90
  • Auction
    7th July 2016
  • Rent
    £42,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £280,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills
Important Update
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* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Tui UK Retail Limited t/a Thomson
  • Pedestrianised location some 35 metres from The Foundry Shopping Centre
  • Nearby occupiers include New Look, Boots the Chemist, Specsavers Optician and Primark
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 90
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £280,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Joint LPA Receivers Savills

Property Information

Location
Miles
46 miles north-east of Sheffield, 53 miles south-east of Leeds, 47 miles south-east of York
Roads
M181, A159, M180
Rail
Scunthorpe Rail
Air
Robin Hood Doncaster/ Sheffield Airport
Situation

The property is situated on the south side of pedestrianised High Street in the heart of the city centre, some 35 metres west of The Foundry Shopping Centre and some 200 metres North West of the Parish Shopping Centre. Nearby occupiers include New Look, Boots the Chemist, Specsavers Optician and Primark.

Tenure

Freehold.

Location
Miles
46 miles north-east of Sheffield, 53 miles south-east of Leeds, 47 miles south-east of York
Roads
M181, A159, M180
Rail
Scunthorpe Rail
Air
Robin Hood Doncaster/ Sheffield Airport
Situation

The property is situated on the south side of pedestrianised High Street in the heart of the city centre, some 35 metres west of The Foundry Shopping Centre and some 200 metres North West of the Parish Shopping Centre. Nearby occupiers include New Look, Boots the Chemist, Specsavers Optician and Primark.

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

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 first and second floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 (Reversion)
Ground
First
Second
Retail
Ancillary
Ancillary
89.00 sq m
61.50 sq m
36.50 sq m
(958 sq ft)
(662 sq ft)
(393 sq ft)
TUI UK RETAIL LIMITED
(t/a Thomson) (1)
5 years from 31/05/2011
(holding over) (2)
New lease requested
by tenant
£42,000 30/05/2016
Totals  
187.00 sq m
(2,013 sq ft)
    £42,000

1) Tui UK Retail Limited was incorporated in 1979. TUI group is the world’s number one tourism business consisting of 1,800 travel agencies and six airlines. It is jointly listed on the London and Frankfurt Stock Exchanges. (Source: www.tuigroup.com).
(2) The tenant has served a Section 26 notice of the Landlord and Tenant 1954 Act requesting a new 5 year lease at £23,000 per annum exclusive. Further details are available in the solicitors legal pack.

Property Documents

  • Site Plan
    Updated Date
    15.06.16
    File Size
    75 KB
    View PDF
  • Catalogue Page
    Updated Date
    15.06.16
    File Size
    669 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Dentons UKMEA LLP 21 Station Road
Watford
WD17 1HT
Matthew Hind 020 7842 3311matthew.hind@dentons.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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