25 High Street West Glossop Derbyshire SK13 8AZ

25 High Street West
Glossop
Derbyshire
SK13 8AZ

Freehold Retail and Virtual Freehold Residential Investment

Shop let to Greggs plc on a 10 year lease
Located in a Historic Market Town next to the Peak District National Park
June 2015 Review oustanding
Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
47
Auction
10th December 2015
Rent
£26,001 per Annum Exclusive
Status
Sold
Price
£345,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Virtual Freehold Residential Investment

Shop let to Greggs plc on a 10 year lease
Located in a Historic Market Town next to the Peak District National Park
June 2015 Review oustanding
Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 47
Auction 10th December 2015
Rent £26,001 per Annum Exclusive
Status Sold
Price £345,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 13.5 miles south-east of Manchester, 24 miles north-west of Sheffield
Roads: B601, A57, M67 (Junction 4)
Rail: Glossop Rail
Air: Manchester Airport

Situation

Glossop is a popular and historic Market Town located immediately west of the Peak District National Park on the A57, the principle route through the peak district between Manchester and Sheffield. The property is situated in a prominent corner location on the southern side of High Street West, at its junction with Market Street. Nearby occupiers include Costa Coffee, Boots Opticians, Ladbrokes and Superdrug. The Howard Town Shopping Centre, with retailers such as Marks and Spencer’s, The Edinburgh Woollen Mill and Mountain Warehouse, is close by.

Tenure

Freehold.

Location

Miles: 13.5 miles south-east of Manchester, 24 miles north-west of Sheffield
Roads: B601, A57, M67 (Junction 4)
Rail: Glossop Rail
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation at the front of the first floor. In addition, at the rear of the first floor there is a self-contained residential flat which is accessed from Market Street.

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

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.	Review
Ground First (Front)	Retail Ancillary	83.61 sq m 39.30 sq m	(900 sq ft) (423 sq ft)	GREGGS PLC (1)	10 years from 16/06/2010 on a full repairing and insuring lease (3)	£26,000	15/06/2015 (2)
First (Rear)	Residential	Not measured		INDIVIDUAL	999 years from 18/10/2013	£1
Totals		122.91 sq m	(1,323 sq ft)			£26,001

(1) For the year ending 3rd January 2015, Greggs plc reported a turnover of £803,961,000, pre-tax profits of £49,743,000 and a total net worth of £241,982,000. (Source: riskdisk.com 28/10/2015)
(2)The lease provides for a tenant option to determine the lease on 16th June 2015, on giving 6 months’ prior written notice. This option was not exercised by the tenant.
(3)The lease is subject to a short schedule of condition.