45 - 45a Hamilton Road
Felixstowe
Suffolk
IP11 7BB

Freehold Retail Investment

  • Let to New Look Retailers Limited with guarantee
  • Lease expires in October 2023 (No Breaks)
  • 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
    25/May/2017
  • Rent
    £57,500 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 45 - 45a Hamilton Road<br>Felixstowe<br>Suffolk<br>IP11 7BB
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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.

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

Buyer's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorUseFloor Areas
(Approx)

TenantTermRent p.a.xReview/(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).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    22.05.17
    File Size
    12 MB
    Login to View
  • Catalogue Page
    Updated Date
    03.05.17
    File Size
    610 KB
    View PDF
  • Site Plan
    Updated Date
    03.05.17
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.com

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