Let to Sportswift Limited until November 2025 (No breaks)
2016 tenant break option was not exercised
Recently refurbished shop
Nearby occupiers include Iceland, WHSmith, New Look, Sports Direct,
Caffè Nero, Iceland and Superdrug
Prosperous and Historic market town
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 64
Auction 13th October 2016
Rent
Status Sold
Price £900,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Squafre London W1H 7BG
Property Information
Location
Miles
13 miles north-west of Colchester, 16 miles south of Bury St Edmunds, 22 miles west of Ipswich
Roads
A131, A134
Rail
Sudbury Railway Station
Air
London Stansted Airport
Situation
The property is situated on the western side of North Street in one of the town's best trading locations. North Street has occupiers including Iceland, WHSmith, New Look, Sports Direct, Poundland and Superdrug. Other nearby occupiers include Co-operative Supermarket, Boots the Chemist, Costa, Ladbrokes and Santander bank. Girling Street car park is located close by with parking for approximately 80 cars.
Tenure
Freehold.
Location
Miles
13 miles north-west of Colchester, 16 miles south of Bury St Edmunds, 22 miles west of Ipswich
Roads
A131, A134
Rail
Sudbury Railway Station
Air
London Stansted Airport
Situation
The property is situated on the western side of North Street in one of the town's best trading locations. North Street has occupiers including Iceland, WHSmith, New Look, Sports Direct, Poundland and Superdrug. Other nearby occupiers include Co-operative Supermarket, Boots the Chemist, Costa, Ladbrokes and Santander bank. Girling Street car park is located close by with parking for approximately 80 cars.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
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 p.a.x
Review
Ground First
Retail/Ancillary Ancillary
149.85 sq m 90.58 sq m
(1,613 sq ft) (975 sq ft)
SPORTSWIFT LIMITED (1) t/a Card Factory
15 years from 19/11/2010 until 18/11/2025 on a full repairing and insuring lease
£57,500
19/11/2020
Totals
240.43 sq m
(2,588 sq ft)
£57,500
(1) For the year ending 31st January 2015, Sportswift Limited reported a turnover of £336,676,000, pre-tax profits of £62,320,000 and a total net worth of £58,862,000 (Source: Experian Group 31/08/2016).