Freehold Retail Investment
Freehold Retail Investment
The property sits in a prominent town centre location directly opposite House of Fraser, on the prime pedestrianised shopping street in Grimsby. The Freshney Place Shopping Centre on the opposite side of the street has over 100 stores with occupiers including House of Fraser, Marks & Spencer, New Look and W H Smith.
Freehold.
The property sits in a prominent town centre location directly opposite House of Fraser, on the prime pedestrianised shopping street in Grimsby. The Freshney Place Shopping Centre on the opposite side of the street has over 100 stores with occupiers including House of Fraser, Marks & Spencer, New Look and W H Smith.
Freehold.
The property comprises GROUND FLOOR RETAIL ACCOMMODATION, arranged as a bank, and self-contained FIRST FLOOR OFFICES. The offices have been sub-let by the tenant.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises GROUND FLOOR RETAIL ACCOMMODATION, arranged as a bank, and self-contained FIRST FLOOR OFFICES. The offices have been sub-let by the tenant.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Gross Frontage Net Frontage Shop Depth Ground First |
Retail Offices |
9.70 m 7.42 m 13.00 m 124.41 sq m 107.55 sq m |
(31' 8") (24' 3") (42' 7") (1,339 sq ft) (1,158 sq ft) |
BRADFORD & BINGLEY PLC (t/a SANTANDER) |
15 years from 25/03/2004 until 2019 on a full repairing and insuring lease | £53,500 | 24/06/2014 |
| Totals | 231.96 sq m |
(2,497 sq ft) |
£53,500 | ||||
(1) The ultimate parent company of Bradford & Bingley plc is H M Government. For the year ending 31st December 2009, Bradford & Bingley plc reported a turnover of £1,890,200,000, pre-tax profits of –£196,000,000 and a total net worth of £1,394,800,000. (Source: www.riskdisk.com 23/09/2010)(2) As of 29th September 2008, all of Bradford & Bingley’s retail branches and its savings accounts were transferred to Abbey. On 11th January 2010 these were rebranded to Santander. (Source: www.bradford-bingley.co.uk).
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