1 - 5 High Street Haverhill Suffolk CB9 8AA

1 - 5 High Street
Haverhill
Suffolk
CB9 8AA

Virtual Freehold Retail Investment

Let to Peacocks Stores Limited
Prominent town centre location
Approximately 814 sq m (8,761 sq ft)
2017 tenant break option not exercised
Neighbouring occupiers include Argos, Holland & Barrett, Dorothy Perkins, Topshop and Barclays

Lot
87
Auction
19th October 2017
Rent
£68,000 per Annum Exclusive
Status
Sold
Price
£695,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Important Update Interested?

Expand
Photos
Map

Virtual Freehold Retail Investment

Let to Peacocks Stores Limited
Prominent town centre location
Approximately 814 sq m (8,761 sq ft)
2017 tenant break option not exercised
Neighbouring occupiers include Argos, Holland & Barrett, Dorothy Perkins, Topshop and Barclays

Lot 87
Auction 19th October 2017
Rent £68,000 per Annum Exclusive
Status Sold
Price £695,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 47 miles north-east of London, 16 miles south-east of Cambridge, 16 south-west of Bury St Edmund, 23 miles north-west of Colchester
Roads: M11, A14, A12
Rail: Dullingham Railway Station
Air: Stansted Airport

Situation

Haverhill, an attractive market town, lies equidistant from Cambridge to the north-west and Bury St Edmunds to the north-east and is approximately 12 miles to the east of the M11, accessible via junction 9. The property is prominently located on the east side of the busy Market Hill Road, on the junction with Swan Lane on Haverhill's main commercial pitch. Nearby occupiers include Argos, Holland & Barrett, Dorothy Perkins, Topshop and Barclays.

Tenure

Virtual Freehold. Virtual Freehold. Held for a term of 999 years from completion of sale at a fixed peppercorn rent.

Location

Miles: 47 miles north-east of London, 16 miles south-east of Cambridge, 16 south-west of Bury St Edmund, 23 miles north-west of Colchester
Roads: M11, A14, A12
Rail: Dullingham Railway Station
Air: Stansted Airport

Situation

Tenure

Virtual Freehold. Virtual Freehold. Held for a term of 999 years from completion of sale at a fixed peppercorn rent.

Description

The property comprises substantial ground floor retail accommodation that forms part of a larger building and benefits from rear access and an unglazed return frontage. The property benefits from the use of 2 car parking spaces at the rear of the property.

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

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	Reversion
Ground	Retail	814 sq m	(8,761 sq ft)	PEACOCKS STORES LTD (1)	10 years from 14/09/2012 (2)	£68,000	13/09/2022
Total		814 sq m	(8,761 sq ft)			£68,000

(1) For the year ending 27th February 2016, Peacocks Stores Ltd reported a turnover of £369,711,000, a pre-tax profit of 67,879,000 and a net worth of 141,072,000 (Source: Experian Group 19/09/2017).
(2) The tenant has NOT exercised the 2017 tenant option to determine the lease.