Virtual Freehold Retail Investment
Virtual Freehold Retail Investment
The property is located in the prosperous market town of Haverhill on the east side of the High Street adjoining Market Hill. Neighbouring occupiers include Boots, Holland & Barrett, Costa, WH Smith, Specsavers and HSBC.
Virtual Freehold. Held for a term of 999 years from 1986 at a peppercorn rent.
The property is located in the prosperous market town of Haverhill on the east side of the High Street adjoining Market Hill. Neighbouring occupiers include Boots, Holland & Barrett, Costa, WH Smith, Specsavers and HSBC.
Virtual Freehold. Held for a term of 999 years from 1986 at a peppercorn rent.
The property comprises ground floor retail and ancillary accommodation with further ancillary accommodation on the first floor. The property benefits from a shared service yard to the rear.
The tenant also occupies the adjacent retail unit on a co-terminous lease which does not form part of the property being offered for sale.
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 and ancillary accommodation with further ancillary accommodation on the first floor. The property benefits from a shared service yard to the rear.
The tenant also occupies the adjacent retail unit on a co-terminous lease which does not form part of the property being offered for sale.
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 | |
|---|---|---|---|---|---|---|---|
| Ground First |
Retail Ancillary |
223.52 sq m 153.57 sq m |
(2,406 sq ft) (1,653 sq ft) |
POUNDLAND LIMITED (1) | 15 years from 09/07/2012 until 2027 on a full repairing and insuring lease (2) | £70,000 | 09/07/2017 |
| Totals | 377.09 sq m |
(4,059 sq ft) |
£70,000 | ||||
(1) For the year ending 31/03/2013, Poundland Limited reported a turnover of £880,491,000, pre-tax profits of £34,313,000 and a total net worth of £119,042,000. (Source: www.riskdisk.com 22/04/2014)
(2)The lease provides for a tenant option to determine on 9th July 2022.
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