12-14 Bank Street Newquay Cornwall TR7 1JF

12-14 Bank Street
Newquay
Cornwall
TR7 1JF

Freehold Retail Investment

  • Let to Zone Retail (t/a Shoe Zone) (formerly Oliver Timpson Retail)
  • Prime pedestrianised location in Newquay town centre
  • Nearby occupiers include Boots the Chemist, Superdrug, Superdry and Costa
  • Popular coastal town and tourist destination
  • VAT free Investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    25
  • Auction
    23rd March 2016
  • Rent
    £69,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £714,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Receivers CBRE
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Let to Zone Retail (t/a Shoe Zone) (formerly Oliver Timpson Retail)
  • Prime pedestrianised location in Newquay town centre
  • Nearby occupiers include Boots the Chemist, Superdrug, Superdry and Costa
  • Popular coastal town and tourist destination
  • VAT free Investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 25
  • Auction 23rd March 2016
  • Rent
  • Status Sold
  • Price £714,000
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
  • On behalf of Receivers CBRE

Property Information

Location
Miles
14 miles north of Truro, 50 miles west of Plymouth
Roads
A30, A39, A392
Rail
Newquay Railway Station
Air
Cornwall Airport Newquay
Situation

Newquay is a popular and important tourist destination situated on the northern coast of Cornwall. The property is prominently situated on the south side of pedestrianised Bank Street, the prime retailing pitch in Newquay town centre. Nearby occupiers include Boots the Chemist, Superdrug, Superdry and Costa, with Newquay Bus Station to the rear of the property.

Tenure

Freehold.

Location
Miles
14 miles north of Truro, 50 miles west of Plymouth
Roads
A30, A39, A392
Rail
Newquay Railway Station
Air
Cornwall Airport Newquay
Situation

Newquay is a popular and important tourist destination situated on the northern coast of Cornwall. The property is prominently situated on the south side of pedestrianised Bank Street, the prime retailing pitch in Newquay town centre. Nearby occupiers include Boots the Chemist, Superdrug, Superdry and Costa, with Newquay Bus Station to the rear of the property.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with self-contained ancillary accommodation on the first and second floors.The first and second floors can also be accessed from within the retail unit.

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.

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 a ground floor retail unit with self-contained ancillary accommodation on the first and second floors.The first and second floors can also be accessed from within the retail unit.

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.

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 Reversion
Ground
First
Second
Retail/Ancillary
Storage
Storage
234.00 sq m
44.30 sq m
69.10 sq m
(2,519 sq ft)
(477 sq ft)
(744 sq ft)
ZONE RETAIL
(t/a Shoe Zone) (formerly
Oliver Timpson Retail) (1)
25 years from 25/12/1992
on a full repairing and insuring lease
£69,000 24/12/2017
Totals  
347.40 sq m
(3,740 sq ft)
    £69,000

(1) Shoe Zone operate from over 500 stores within the UK and Republic of Ireland. Shoe Zone Retail Limited are currently paying the rent. (Source: www.shoezone.com). For the year ending 4th October 2014, Shoe Zone Retail Limited reported a turnover of £172,861,000, pre-tax profits of £11,235,000 and a total net worth of £29,677,000 (Source: Experian Group 22/02/2016).

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    688 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    82 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Thomas Jackson 0113 399 1775thomas.jackson@walkermorris.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now