Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated in a busy retailing parade on the western side of the High Street, some 25 metres from the entrance to the Harlequin Shopping Centre housing retailers such as John Lewis, Boots, W H Smith, Next, Primark and Marks & Spencer. Other nearby occupiers include McDonald's, Costa Coffee, Game and Gap.
Freehold.
The property is prominently situated in a busy retailing parade on the western side of the High Street, some 25 metres from the entrance to the Harlequin Shopping Centre housing retailers such as John Lewis, Boots, W H Smith, Next, Primark and Marks & Spencer. Other nearby occupiers include McDonald's, Costa Coffee, Game and Gap.
Freehold.
The property comprises a ground floor retail unit with first floor ancillary accommodation and basement accommodation. The property also benefits from a rear yard accessed from King Street.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with first floor ancillary accommodation and basement accommodation. The property also benefits from a rear yard accessed from King Street.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground Basement First |
Retail Ancillary (2) |
71 sq m |
(768 sq ft) (308 sq ft) (259 sq ft) |
Flight Centre (UK) Limited (1) |
15 years from 17/06/2002 on a full repairing and insuring lease | £30,150 | 24/06/2012 |
| Totals | 123 sq m |
(1,335 sq ft) |
£30,150 | ||||
(1) For the year ending 30th June 2010, Flight Centre (UK) Limited reported a turnover of £204,446,000, pre-tax profits of £3,002,000 and a total net worth of £25,169,000. (Source: www.riskdisk.com 14/04/2011)
(2) The original staircase to the first floor has been removed and it is therefore currently inaccessible.
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