Prominent position on prime pedestrianised shopping thoroughfare
Nearby occupiers include Bhs, Clinton Cards and Marks & Spencer
Six Week Completion Period Available
Lot 23
Auction 22nd February 2011
Rent £60,000 per Annum Exclusive
Status Sold
Price £580,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of Joint LPA Receivers
Property Information
Location
10 miles west of Brighton
30 miles east of Portsmouth
60 miles south of London
Roads
A24, A27, A259
Rail
Worthing Railway Station
Air
Gatwick Airport
Situation
The property occupies a prime position within the town centre on the southern side of the pedestrianised Montague Street. Neighbouring occupiers include Bhs, Clinton Cards and Marks & Spencer. The property is situated close to Worthing Pier and Marine Parade which provides a number of shops, theatres and arcades.
Tenure
Freehold. NB The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
Location
10 miles west of Brighton
30 miles east of Portsmouth
60 miles south of London
Roads
A24, A27, A259
Rail
Worthing Railway Station
Air
Gatwick Airport
Situation
The property occupies a prime position within the town centre on the southern side of the pedestrianised Montague Street. Neighbouring occupiers include Bhs, Clinton Cards and Marks & Spencer. The property is situated close to Worthing Pier and Marine Parade which provides a number of shops, theatres and arcades.
Tenure
Freehold. NB The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
Description
The property comprises a RETAIL UNIT on the ground floor with ANCILLARY/STORAGE ACCOMMODATION on the first and second floors.
NB. The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a RETAIL UNIT on the ground floor with ANCILLARY/STORAGE ACCOMMODATION on the first and second floors.
NB. The property is being marketed on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.
VAT
VAT is 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 Second
Retail Storage/Ancillary Storage/Ancillary
110.00 sq m 116.00 sq m 70.00 sq m
(1,179 sq ft) (1,248 sq ft) (749 sq ft)
CLAIRES ACCESSORIES UK LTD (1)
15 years from 13/03/2000 on a full repairing and insuring lease
£60,000
(12/03/2015)
Totals
296.00 sq m
(3,176 sq ft)
£60,000
(1) For the year ending 30th January 2010, Claire’s Accessories UK Ltd reported a turnover of £143,114,000, pre-tax profits of £4,860,000 and a total net worth of £18,284,000. (Source: www.riskdisk.com 13/01/2011)
