Neighbouring occupiers include British Heart Foundation, Halifax, Nationwide, Iceland, Lloyds Bank and Peacocks
Lot 79
Auction 24th May 2018
Rent £112,500 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles south-west of Newquay, 80 miles south-west of Exeter
Roads
A30, A39, A394
Rail
Redruth Railway Station
Air
Newquay Airport
Situation
Redruth is an attractive Cornwall market town located 12 miles south-west of Newquay. The property is prominently located on the north side of Fore Street, in the centre of the town’s pedestrianised retail thoroughfare. Neighbouring occupiers include British Heart Foundation, Halifax, Nationwide, Iceland, LLoyds Bank and Peacocks.
Tenure
Freehold.
Location
Miles
12 miles south-west of Newquay, 80 miles south-west of Exeter
Roads
A30, A39, A394
Rail
Redruth Railway Station
Air
Newquay Airport
Situation
Redruth is an attractive Cornwall market town located 12 miles south-west of Newquay. The property is prominently located on the north side of Fore Street, in the centre of the town’s pedestrianised retail thoroughfare. Neighbouring occupiers include British Heart Foundation, Halifax, Nationwide, Iceland, LLoyds Bank and Peacocks.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and first floor ancillary accommodation and benefits from substantial frontage, rear loading, rear customer access and car parking.
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 ground floor retail accommodation and first floor ancillary accommodation and benefits from substantial frontage, rear loading, rear customer access and car parking.
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 First Lower Ground
Retail Ancillary Ancillary
852.13 sq m 735.01 sq m 23.27 sq m
(9,172 sq ft) (7,912 sq ft) (250 sq ft)
WILKO RETAIL LIMITED (1)
15 years from 24/07/2008 on a full repairing and insuring lease
£112,500
23/07/2023
Total
1,610.41 sq m
(17,334 sq ft)
£112,500
(1) For the year ending 28th January 2017, Wilko Retail Limited reported a turnover of £1,512,763,000, a pre-tax profit of £5,198,000 and a total net worth of £142,450,000 (Source: Experian Group 12/4/2018).
