Freehold Retail Investment
Freehold Retail Investment
The property is situated in a highly prominent corner position at the junction of London Street and Castle Street with retail frontages to both major shopping thoroughfares. Nearby occupiers include Laura Ashley, Gap, Waterstones, Boots the Chemist and adjoins HSBC Bank.
Freehold.
The property is situated in a highly prominent corner position at the junction of London Street and Castle Street with retail frontages to both major shopping thoroughfares. Nearby occupiers include Laura Ashley, Gap, Waterstones, Boots the Chemist and adjoins HSBC Bank.
Freehold.
The property comprises a GROUND FLOOR RETAIL UNIT with ANCILLARY ACCOMMODATION on basement and four upper floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a GROUND FLOOR RETAIL UNIT with ANCILLARY ACCOMMODATION on basement and four upper floors.
VAT is 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 Basement First Second Third Fourth |
Retail Sales Ancillary Ancillary Ancillary Ancillary Ancillary |
Gross Frontage (London Street) 7.06 sq m Net Frontage (London Street) 6.02 sq m Gross Frontage (Castle Street) 8.41 sq m Net Frontage (Castle Street) 9.17 sq m 51.00 sq m 54.07 sq m 52.68 sq m 50.54 sq m 32.70 sq m 41.41 sq m |
(23' 2") (19' 9") (27' 7") (30' 1") (549 sq ft) (582 sq ft) (567 sq ft) (544 sq ft) (352 sq ft) (435 sq ft) |
TYLER LTD t/a STEAD & SIMPSON guaranteed by SHOE ZONE LIMITED (1) |
25 years from 25/12/1990 on a full repairing and insuring lease | £70,000 | 25/12/2010 |
| Totals | 281.40 sq m |
(3,029 sq ft) |
£70,000 | ||||
(1) For the year ending 2nd January 2010, Shoe Zone Limited reported a turnover of £177,104,000, pre-tax profits of £15,721,000 and a net worth £25,064,000.
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