Well configured shop comprising approximately 4,604 sq ft
Prime trading position on pedestrianised High Street between Iceland and Poundland
Attractive and prosperous Cambridgeshire market town
Lot 71
Auction 19th October 2017
Rent £73,000 per Annum Exclusive
Status Withdrawn Post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 Peterborough
24 miles north-west of Cambridge
Roads
A14, A141, A1(M) (Junction 15)
Air
London Luton and Stansted Airports
Situation
The property is situated in a prominent trading position on the northern side of the pedestrianised section of High Street. Iceland and Poundland are adjacent to the property,
with other retailers represented on High Street including Boots the Chemist, Costa and WHSmith, with Waitrose and Wilko also represented in the town.
Tenure
Freehold.
Location
Miles
12 miles south-east of Peterborough
24 miles north-west of Cambridge
Roads
A14, A141, A1(M) (Junction 15)
Air
London Luton and Stansted Airports
Situation
The property is situated in a prominent trading position on the northern side of the pedestrianised section of High Street. Iceland and Poundland are adjacent to the property,
with other retailers represented on High Street including Boots the Chemist, Costa and WHSmith, with Waitrose and Wilko also represented in the town.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor. The property benefits from on-site car parking for four cars and is serviced from a large
loading area 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 ancillary accommodation on the first floor. The property benefits from on-site car parking for four cars and is serviced from a large
loading area 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
Ground First
Retail/Ancillary Ancillary
279.73 sq m 147.99 sq m
(3,011 sq ft) (1,593 sq ft)
NEW LOOK RETAILERS LIMITED (1)
25 years from 25/07/1996 until 24/07/2021 on a full repairing and insuring lease
£73,000
Totals
427.72 sq m
(4,604 sq ft)
£73,000
(1) For the year ending 25th March 2017, New Look Retailers Limited reported a turnover of £1,324,195,000, pre-tax profits of £84,987,000 and a total net worth of £361,242,000 (Source: Experian Group 07/09/2017).
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