69 London Road North Lowestoft Suffolk NR32 1LS

  • 69 London Road North<br>Lowestoft<br>Suffolk<br>NR32 1LS

69 London Road North
Lowestoft
Suffolk
NR32 1LS

Freehold Retail Investment

  • Let to Claire’s Accessories UK Limited
  • Prime pedestrianised town centre location opposite Marks & Spencer
  • Nearby retailers include Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks
  • Tenant in occupation since 2003
  • Lot
    82
  • Auction
    13th October 2016
  • Rent
    £36,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £315,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
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Freehold Retail Investment

  • Let to Claire’s Accessories UK Limited
  • Prime pedestrianised town centre location opposite Marks & Spencer
  • Nearby retailers include Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks
  • Tenant in occupation since 2003
  • Lot 82
  • Auction 13th October 2016
  • Rent £36,500 per Annum Exclusive
  • Status Sold
  • Price £315,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte

Property Information

Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation

The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks.

Tenure

Freehold.

Location
Miles
10 miles south of Great Yarmouth, 27 miles south-east of Norwich
Roads
A12, A146, A11, M11
Rail
Lowestoft Railway Station
Air
Norwich International Airport
Situation

The property is situated on the western side of London Road North, Lowestoft's prime pedestrianised retail thoroughfare. The property is located a short distance from The Britten Shopping Centre which houses retailers including Iceland, WH Smith and Poundland. Other nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Waterstones, Holland & Barrett and Starbucks.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with additional portable cabin storage to the rear which is currently used by the tenant.

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 a ground floor retail unit with additional portable cabin storage to the rear which is currently used by the tenant.

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 p.a.x Reversion
Ground Retail/Ancillary 85.47 sq m (920 sq ft) CLAIRE'S
ACCESSORIES
UK LIMITED (1)		 5 years from 14/10/2013
on a full repairing
and insuring lease		 £36,500 13/10/2018
Totals   85.47 sq m (920 sq ft)     £36,500

(1) For the year ending 31st January 2015, Claire’s Accessories UK Limited reported a turnover of £125,298,000, pre-tax profits of £1,295,000 and a total net worth of £80,403,000. (Source: Experian Group 07/09/2016).

Contacts

Seller's Solicitors
Olswang LLP 2nd Floor, The Blade, Abbey Square
Reading
RG1 3BE
Gaye King 0207 071 7341gaye.king@olswang.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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