Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of Trustees
Property Information
Location
Miles
14 miles north-east of Northampton, 25 miles south-east of Leicester 30 miles south-west of Peterborough
Roads
A14, A43, A6
Rail
Kettering Railway Station
Air
Birmingham International Airport, Stansted Airport, Luton Airport
Situation
The property is prominently situated on the west side of the pedestrianised Lower Street, close to the Newlands Shopping Centre. Neighbouring occupiers include Halifax, The Post Office, Santander, Superdrug and Waterstones.
Tenure
Freehold.
Location
Miles
14 miles north-east of Northampton, 25 miles south-east of Leicester 30 miles south-west of Peterborough
Roads
A14, A43, A6
Rail
Kettering Railway Station
Air
Birmingham International Airport, Stansted Airport, Luton Airport
Situation
The property is prominently situated on the west side of the pedestrianised Lower Street, close to the Newlands Shopping Centre. Neighbouring occupiers include Halifax, The Post Office, Santander, Superdrug and Waterstones.
Tenure
Freehold.
Description
The property comprises 2 self-contained retail units with retail accommodation on the ground floor and ancillary accommodation on the first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 2 self-contained retail units with retail accommodation on the ground floor and ancillary accommodation on the first floor.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Review/(Reversion)
9
Ground First
Retail Ancillary
55.67 sq m 26.71 sq m
(600 sq ft) (282 sq ft)
TCCT RETAIL LIMITED (2) (t/a Thomas Cook)
5 years from 12/11/2014 on a full repairing and insuring lease
£12,000
(11/11/2019)
11
Ground First
Retail Office/Ancillary
58.66 sq m 25.02 sq m
(631 sq ft) (269 sq ft)
CORAL RACING LIMITED (1)
10 years from 01/08/2013 on a full repairing and insuring lease (3)
£14,000
01/08/2018 (31/07/2023)
Totals
166.02 sq m
(1,782 sq ft)
£26,000
(1) For the year ending 28/09/2013, Coral Racing Limited reported a turnover of £628,179,000, pre-tax profits of £81,627,000 and a total net worth of £93,510,000. (Source: www.riskdisk.com 16/02/2015) (2)Thomas Cook is one of the world’s leading leisure travel groups, with sales of over £9 billion and more than 20 million customers. Operating from 17 countries, Thomas Cook employs c.27,000 employees. (Source: http://www.thomascook.com 17/02/2015) (3)The lease provides for a tenant option to determine the lease on 31st July 2018.