119a High Street
Marlborough
Wiltshire
SN8 1LZ

Prime Retail Investment

  • Let to tenant trading as Moda in Pelle
  • New 10 year lease from completion (subject to option)
  • Opposite Waitrose and close to White Stuff, Jigsaw, Joules and Caffè Nero
  • Excellent trading location in affluent market town
  • Lot
    4
  • Auction
    18/Oct/2018
  • Rent
    £32,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £376,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 119a High Street<br>Marlborough<br>Wiltshire<br>SN8 1LZ
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Property Information

Location
Miles
18 miles west of Newbury
31 miles east of Bath
Roads
A4, A346, M4 (Junction 15)
Rail
Pewsey Rail Station, Bedwyn Rail Station
Air
Bristol Airport
Situation

Marlborough is an affluent and attractive market town located in the North Wessex Downs, home to the famous Marlborough College. The property is situated on the northern side of High Street, opposite a Waitrose supermarket and a car park for 150 cars. Other nearby occupiers include White Stuff, Mint Velvet, Sea Salt, Jigsaw, Joules, Rick Stein’s and Caffè Nero, as well as branches of Lloyds, Barclays and NatWest banks. High Street provides car parking for approximately 100 cars.

Tenure

Long Leasehold. Held for a term of 150 years from and including 26th April 2013 at a peppercorn rent.

Description

The property comprises a ground floor shop with a basement providing ancillary accommodation, forming part of a larger building.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview
Ground
Basement
Retail/Ancillary
Ancillary
52.38 sq m
37.90 sq m
(566 sq ft)
(408 sq ft)
RETAILER
MARLBOROUGH
070 LIMITED
t/a Moda in Pelle
(1)
10 years from
completion (2) on an
effectively fully
repairing and
insuring lease
£32,500November
2023 to
Open
Market
Value
Total
90.28 sq m
(974 sq ft)
  £32,500 

(1) Moda in Pelle was founded in 1975 and sells women’s shoes and accessories. They currently operate from almost 50 locations nationwide, including Marlow, Amersham, Bath, London (Oxford Street), Manchester, Leeds, Sheffield (Meadowhall) and Harrogate (Source: www.modainpelle.com 12/09/2018). A six month rent deposit will be held by the landlord.
(2) The lease is subject to a tenant option to determine on the fifth anniversary of the commencement of the term. A rent penalty, equivalent to 6 months’ rent (£16,250) is payable to the landlord if the tenant exercises the break option in 2023.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.10.18
    File Size
    10 MB
    Login to View
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    762 KB
    View PDF
  • Site Plan
    Updated Date
    26.09.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Associate Auctioneers
Lawson Hubbard Lowe 8 Park Place
Leeds
LS1 2RU
Powell Rose 01132 434 771powellr@l-h-l.com
Seller's Solicitors
LCF Law 2 The Embankment, Sovereign Street
Leeds
LS1 4BP
David Jameson 0113 238 4049djameson@lcf.co.uk

Useful Links

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