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Status Withdrawn Post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).