Entirely let to The Carphone Warehouse on a recently renewed lease
Prominent position on pedestrianized town centre thoroughfare
Close to Cascades Shopping Centre and Old Town Hall Centre
Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
Lot 44
Auction 22nd May 2014
Rent £16,750 per Annum Exclusive
Status Sold
Price £179,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On Behalf of Administrators
Property Information
Location
Entirely let to The Carphone Warehouse on a recently renewed lease
Prominent position on pedestrianized town centre thoroughfare
Close to Cascades Shopping Centre and Old Town Hall Centre
Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
Situation
The property is situated in a prominent location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares. The property is located close to both the Old Town Hall Centre and the Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill. Other nearby occupiers include Santander, Phones 4U, H Samuel and Greggs.
Tenure
Freehold.
Location
Entirely let to The Carphone Warehouse on a recently renewed lease
Prominent position on pedestrianized town centre thoroughfare
Close to Cascades Shopping Centre and Old Town Hall Centre
Nearby occupiers include Santander, Phones 4U, H Samuel and Greggs
Situation
The property is situated in a prominent location on the western side of Effingham Street, one of the town’s principal retailing thoroughfares. The property is located close to both the Old Town Hall Centre and the Cascades Shopping Centre which houses retailers such as Argos, Superdrug, Ladbrokes and William Hill. Other nearby occupiers include Santander, Phones 4U, H Samuel and Greggs.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary
accommodation on basement and first floors.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary
accommodation on basement and first floors.
Note
This property is being marketed for sale on behalf of Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Administrators to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.
VAT
VAT is applicable to this lot.
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
Reversion
Ground Basement First
Retail Ancillary Ancillary
42.70 sq m 24.50 sq m 26.90 sq m
(460 sq ft) (264 sq ft) (290 sq ft)
THE CARPHONE WAREHOUSE LIMITED (1)
5 years from 30/10/2013 on a full repairing and insuring lease (2) (3)
£16,750
29/10/2018
Totals
94.10 sq m
(1,014 sq ft)
£16,750
(1) For the year ending 30th March 2013, The Carphone Warehouse Limited reported a turnover of £1,671,731,000, pre-tax profits of £98,895,000 and a total net worth of £864,975,000. (Source: www.riskdisk.com 25/04/2014) (2)The lease provides a tenant option to determine on the fourth anniversary of the term. (3)The tenant also occupied the property on a previous lease.
Contacts
Seller's Solicitors
Addleshaw Goddard LLP Sovereign House, Sovereign Street Leeds LS1 1HQ
