Large double-fronted shop comprising approximately 8,090 sq ft
Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
Popular Suffolk coastal resort and substantial port
Lot 55
Auction 19th October 2017
Rent £132,500 per Annum Exclusive
Status Sold
Price £1,800,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads
A12, A14
Rail
Felixstowe Railway Station
Air
London Stansted Airport
Situation
The property is located in a prime position on the western side of the pedestrianised Hamilton Road,
in the heart of Felixstowe town centre. Other nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, Iceland, Peacocks, Costa Coffee, Greggs, Caffè Nero and Savers.
Tenure
Freehold.
Location
Miles
12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads
A12, A14
Rail
Felixstowe Railway Station
Air
London Stansted Airport
Situation
The property is located in a prime position on the western side of the pedestrianised Hamilton Road,
in the heart of Felixstowe town centre. Other nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, Iceland, Peacocks, Costa Coffee, Greggs, Caffè Nero and Savers.
Tenure
Freehold.
Description
The property, which was comprehensively refurbished in 2009, comprises a ground floor shop with ancillary accommodation on the first floor. The property benefits from two car parking spaces and a gated yard to the rear.
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, which was comprehensively refurbished in 2009, comprises a ground floor shop with ancillary accommodation on the first floor. The property benefits from two car parking spaces and a gated yard to the rear.
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
Ground First
Retail Ancillary
470.28 sq m 281.31 sq m
(5,062 sq ft) (3,028 sq ft)
PEACOCKS STORES LIMITED (1)
13 years from 02/09/2009 until 01/09/2022 on a full repairing and insuring lease
£132,500
01/09/2019
Totals
751.59 sq m
(8,090 sq ft)
£132,500
(1) For the year ending 27th February 2016, Peacocks Stores Limited reported a turnover of £369,711,000, a pre-tax profit of £67,879,000 and a total net worth of £141,072,000 (Source: Experian Group 07/09/2017). Peacocks trade from some 450 stores and are a part of the Edinburgh Woollen Mill Group which includes brands such as Edinburgh Woollen Mill, Jane Norman and Ponden Home (Source: www.peacockscorporate.co.uk 07/09/2017).
