33 Cattlemarket Loughborough Leicestershire LE11 3DL

  • 33 Cattlemarket<br>Loughborough<br>Leicestershire<br>LE11 3DL

33 Cattlemarket
Loughborough
Leicestershire
LE11 3DL

Freehold Retail Investment

  • Let on a 10 year lease until 2025 (subject to option)
  • Tenant occupying following lease renewal
  • Pedestrianised town centre location in Popular University Town
  • Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    68
  • Auction
    11th February 2016
  • Rent
    £47,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £495,000
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE
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Freehold Retail Investment

  • Let on a 10 year lease until 2025 (subject to option)
  • Tenant occupying following lease renewal
  • Pedestrianised town centre location in Popular University Town
  • Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 68
  • Auction 11th February 2016
  • Rent £47,500 per Annum Exclusive
  • Status Sold
  • Price £495,000
  • Sector
    High Street Retail
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of Receivers CBRE

Property Information

Location
Miles
40 miles north east of Birmingham, 12 miles north of Leicester, 15 miles south of Nottingham
Roads
A6, M1 (Junction 23)
Rail
Loughborough Railway Station
Air
East Midlands Airport, Birmingham Airport, Nottingham Airport
Situation

The property is situated in a prominent position on the west side of pedestrianised Cattlemarket in Loughborough Town Centre, close to Market Street and some 80 metres south of the Carillon Court Shopping Centre. Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett.

Tenure

Freehold.

Location
Miles
40 miles north east of Birmingham, 12 miles north of Leicester, 15 miles south of Nottingham
Roads
A6, M1 (Junction 23)
Rail
Loughborough Railway Station
Air
East Midlands Airport, Birmingham Airport, Nottingham Airport
Situation

The property is situated in a prominent position on the west side of pedestrianised Cattlemarket in Loughborough Town Centre, close to Market Street and some 80 metres south of the Carillon Court Shopping Centre. Nearby occupiers include Boots the Chemist, Superdrug, Primark and Holland & Barrett.

Tenure

Freehold.

Description

The property comprises ground floor retail unit with ancillary accommodation on the first floor. The property further benefits from a detached workshop to the rear of the property and a service yard accessed from Granby Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail unit with ancillary accommodation on the first floor. The property further benefits from a detached workshop to the rear of the property and a service yard accessed from Granby Street.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 not 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/Reversion
Ground
First 		Retail
Ancillary
236.10 sq m
84.7 sq m
(2,541 sq ft)
(912 sq ft)
 BETEL OF
BRITAIN (1)
(t/a Restored)		 10 years from 25/03/2015 on a full
repairing and insuring lease (2)		 £47,500 25/09/2020
24/03/2025)
Totals   320.80 sq m
(3,453 sq ft)
     £47,500

(1) Betel of Britain is a registered charity and is a ministry of WEC International, who currently have over 1800 workers in over 80 countries (Source: www.betel.org.uk). Betel operate from some 15 stores around the country.
(2) The lease provides for a tenant option to determine the lease on 25/03/2020, subject to 6 months prior written notice.

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 Kings Street
Leeds
LS1 2HL
Chris Towland 0113 283 2500chris.towland@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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