7, 9 and 11 Humberstone Gate Leicester Leicestershire LE1 1WA

7, 9 and 11 Humberstone Gate
Leicester
Leicestershire
LE1 1WA

Freehold Retail Investment

Pedestrianised City Centre location
Close to the Highcross and Haymarket Shopping Centres
Nearby occupiers include Primark, H&M, Marks & Spencer, Boots the Chemist and Superdrug
Asset Management/Redevelopment Opportunities (subject to lease and consents)
Approximately 589.60 sq m (6,347 sq ft)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
12
Auction
7th July 2016
Rent
£22,500 per Annum
Status
Sold
Price
£755,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of Deloitte Insolvency Practitioners

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Freehold Retail Investment

Pedestrianised City Centre location
Close to the Highcross and Haymarket Shopping Centres
Nearby occupiers include Primark, H&M, Marks & Spencer, Boots the Chemist and Superdrug
Asset Management/Redevelopment Opportunities (subject to lease and consents)
Approximately 589.60 sq m (6,347 sq ft)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 12
Auction 7th July 2016
Rent £22,500 per Annum
Status Sold
Price £755,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Squafre
London W1H 7BG
On behalf of Deloitte Insolvency Practitioners

Property Information

Location

Miles: 30 miles south of Nottingham, 45 miles north-east of Birmingham
Roads: A6, A47, A563, M1
Rail: Leicester Railway Station
Air: East Midlands Airport

Situation

The property is situated in a prominent corner position on pedestrianised Humberstone Gate at its junction with Fox Lane, in the heart of the city centre. The property is in close proximity to the
major 120 unit Highcross Centre, anchored by John Lewis, Debenhams and House of Fraser and adjacent to the Haymarket Shopping Centre. Other nearby occupiers include Primark, H&M,
Marks & Spencer, Caffè Nero, Boots the Chemist, Pandora, Clarks and Superdrug.

Tenure

Freehold.

Location

Miles: 30 miles south of Nottingham, 45 miles north-east of Birmingham
Roads: A6, A47, A563, M1
Rail: Leicester Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor and basement. The property benefits from a return frontage to Fox Lane.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the first floor and basement. The property benefits from a return frontage to Fox Lane.

VAT

VAT is applicable to this lot.

Note

Completion Period

Six Week Completion

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 (gross)	Reversion
Ground Basement First	Retail/Ancillary Ancillary Ancillary	205.10 sq m 159.80 sq m 224.70 sq m	(2,208 sq ft) (1,720 sq ft) (2,419 sq ft)	FULL MOON FASHIONS LIMITED	1 year from 2016 (1)	£22,500 (1) (2)	2017
Totals		589.60 sq m	(6,347 sq ft)			£22,500 (1) (2)

(1) Terms for a 1 year lease at a rent of £1,750 per calendar month have been agreed and in solicitors’ hands due to complete imminently. The tenant is to benefit from a one week rent free period from completion of the lease. Under the terms of the lease the rent will increase to £2,000 per calendar month for November 2016 and £3,000 per calendar month for December 2016. The lease is subject to a rolling mutual option to determine, on providing one month’s prior written notice. The tenant will pay a rent deposit of £1,750 plus VAT to the seller.
(2) The rent stated has been annualised.