Unit 1 54 / 58 High Street Long Eaton Nottinghamshire NG10 1LP

Unit 1 54 / 58 High Street
Long Eaton
Nottinghamshire
NG10 1LP

Freehold Retail Investment

Let to Sportswift Limited on assignment from and guaranteed by Savers Heath and Beauty Ltd until 2020 (no breaks)
Prominent corner position on pedestrianised High Street
Close to a Major Tesco Extra, Aldi and the Cross Street Retail Park
Nearby occupiers include Boots the Chemist, WH Smith and Holland & Barrett
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
69
Auction
23rd March 2016
Rent
£43,000 per Annum Exclusive
Status
Sold
Price
£410,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Sportswift Limited on assignment from and guaranteed by Savers Heath and Beauty Ltd until 2020 (no breaks)
Prominent corner position on pedestrianised High Street
Close to a Major Tesco Extra, Aldi and the Cross Street Retail Park
Nearby occupiers include Boots the Chemist, WH Smith and Holland & Barrett
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 69
Auction 23rd March 2016
Rent £43,000 per Annum Exclusive
Status Sold
Price £410,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 6.5 miles south-west of Nottingham, 10 miles east of Derby, 25 miles north of Leicester, 48 miles north-east of Birmingham
Roads: A50, A52, M1 (Junction 25)
Rail: Long Eaton Railway Station
Air: East Midlands Airport

Situation

Long Eaton is located approximately equidistant between the City of Nottingham and the City of Derby and some 8 miles north of East Midlands Airport. The property is situated in a prominent corner location, on the eastern side of pedestrianised High Street at its junction with New Street. Tesco Extra, Aldi and the Cross Street Retail Park are some 130 metres to the rear of the property. Other nearby occupiers include Boots the Chemist, WH Smith, Dorothy Perkins and Holland & Barrett.

Tenure

Freehold.

Location

Miles: 6.5 miles south-west of Nottingham, 10 miles east of Derby, 25 miles north of Leicester, 48 miles north-east of Birmingham
Roads: A50, A52, M1 (Junction 25)
Rail: Long Eaton Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

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

Six Week Completion

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 first floor.

Six Week Completion

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 First	Retail Ancillary	159.10 sq m 47.30 sq m	(1,713 sq ft) (509 sq ft)	SPORTSWIFT LIMITED (1) Authorised Guarantee Agreement from Savers Health and Beauty Ltd (2)	20 years from 07/04/2000 on a full repairing and insuring lease	£43,000	06/04/2020
Totals		206.40 sq m	(2,217 sq ft)			£43,000

1) For the year ending 31st January 2015, Sportswift Limited reported a turnover of £336,676,000, pre-tax profits of £62,320,000 and a total net worth of £58,862,000. (Source: www.riskdisk.com 23/02/2016)
(2) Savers Health and Beauty Limited was incorporated in 1987, with there now being over 300 stores in the UK. (Source: www.savers.co.uk). For the year ending 27th December 2014, Savers health and Beauty Ltd reported a turnover of £299,925,000, pre-tax profits of £19,565,000 and a total net worth of negative -£22,019,000 (Source: www.riskdisk.com 02/03/2016)