246 - 250 High Street Dovercourt Harwich Essex CO12 3PA

246 - 250 High Street
Dovercourt
Harwich
Essex
CO12 3PA

Freehold Retail Investment

  • Let to Iceland Foods Limited on a renewed 10 year lease from 2016 (subject to option)
  • Historic Essex Town Centre location
  • 2 miles from Harwich International Port
  • Nearby occupiers include Boots the Chemist, Superdrug and Halifax Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    7
  • Auction
    16th February 2017
  • Rent
    £38,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £563,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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  • Map

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

Freehold Retail Investment

  • Let to Iceland Foods Limited on a renewed 10 year lease from 2016 (subject to option)
  • Historic Essex Town Centre location
  • 2 miles from Harwich International Port
  • Nearby occupiers include Boots the Chemist, Superdrug and Halifax Bank
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 7
  • Auction 16th February 2017
  • Rent
  • Status Sold
  • Price £563,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
17 miles east of Colchester, 24 miles south-east of Ipswich, 40 miles north-east of Chelmsford
Roads
A12, A14, A120
Rail
Dovercourt Railway Station, Harwich Town Railway Station
Air
London Stansted Airport, London Southend Airport
Situation

Dovercourt is an historic Essex coastal town benefiting from seasonal tourism and from its close proximity to the major Harwich International freight and passenger port which operates 24 hours a day. The property is situated on the north side of High Street in the heart of the town centre. Nearby occupiers include Boots the Chemist, Superdrug, Halifax Bank and Nationwide Building Society.

Tenure

Freehold.

Location
Miles
17 miles east of Colchester, 24 miles south-east of Ipswich, 40 miles north-east of Chelmsford
Roads
A12, A14, A120
Rail
Dovercourt Railway Station, Harwich Town Railway Station
Air
London Stansted Airport, London Southend Airport
Situation

Dovercourt is an historic Essex coastal town benefiting from seasonal tourism and from its close proximity to the major Harwich International freight and passenger port which operates 24 hours a day. The property is situated on the north side of High Street in the heart of the town centre. Nearby occupiers include Boots the Chemist, Superdrug, Halifax Bank and Nationwide Building Society.

Tenure

Freehold.

Description

The property comprises a prominent and substantial ground floor retail unit with ancillary accommodation in the basement and on the first floor.

VAT

VAT is not 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 prominent and substantial ground floor retail unit with ancillary accommodation in the basement and on the first floor.

VAT

VAT is not 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
Ground
First
Basement
Retail
Ancillary
Ancillary
421.30 sq m
386.92 sq m
15.32 sq m
(4,535 sq ft)
(4,165 sq ft)
(165 sq ft)
ICELAND
FOODS
LIMITED (1)
10 years from
25/03/2016 until
2026 on a full
repairing and
insuring lease (2)
£38,000 25/03/2021
Totals  
823.54 sq m
(8,865 sq ft)
    £38,000  

(1) For the year ending 25th March 2016, Iceland Foods Limited reported a turnover of £2,658,332,000, pre-tax profits of £58,172,000 and a total net worth of £740,354,000. (Source: www.riskdisk.com 04/01/2017).
(2) The lease provides for a tenant option to determine the lease on 24th March 2021.

Property Documents

  • Site Plan
    Updated Date
    29.10.19
    File Size
    110 KB
    View PDF
  • Catalogue Page
    Updated Date
    29.10.19
    File Size
    524 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
Tees Law 95 London Road
Bishops Stortford
Hertfordshire
CM23 3GW
Bob Elms 01279 710 602bob.elms@teeslaw.co.uk

Useful Links

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

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