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
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
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.
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
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.
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.