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
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Deloitte Insolvency Practitioners
Important Update
  • Expand
  • Photos
  • Map

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

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
  • 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.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    683 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    395 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
CMS Cameron McKenna Nabarro Oswang LLP 2nd Floor, The Blade, Abbey Square
Reading
RG1 3BE
Lia Machado 020 7071 7308lia.machado@olswang.com

Useful Links

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

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