Heron Foods Wiltshire Road Derby Derbyshire DE21 6EZ

Heron Foods
Wiltshire Road
Derby
Derbyshire
DE21 6EZ

Freehold Retail and Residential Investment

  • Let to Heron Foods Limited until 2030 (subject to option)
  • 5 yearly rent reviews linked to Retail Price Index (RPI)
  • Includes car parking
  • Lot
    109
  • Auction
    18th October 2018
  • Rent
    £45,750 per Annum Exclusive
  • Status
    Sold
  • Price
    £495,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail and Residential Investment

  • Let to Heron Foods Limited until 2030 (subject to option)
  • 5 yearly rent reviews linked to Retail Price Index (RPI)
  • Includes car parking
  • Lot 109
  • Auction 18th October 2018
  • Rent
  • Status Sold
  • Price £495,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
12 miles east of Nottingham, 35 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads
A52, A38 M1
Rail
Derby Midland Railway Station
Air
East Midlands Airport
Situation

The property is situated in Chaddesden, a residential suburb less than 2 miles north-east of Derby city centre. The property lies on the east side of the busy Wiltshire Road. Neighbouring occupiers include Corals, Nisa Extra and Bargain Booze.

Tenure

Freehold.

Location
Miles
12 miles east of Nottingham, 35 miles north-east of Birmingham, 25 miles north-west of Leicester
Roads
A52, A38 M1
Rail
Derby Midland Railway Station
Air
East Midlands Airport
Situation

The property is situated in Chaddesden, a residential suburb less than 2 miles north-east of Derby city centre. The property lies on the east side of the busy Wiltshire Road. Neighbouring occupiers include Corals, Nisa Extra and Bargain Booze.

Tenure

Freehold.

Description

The property comprises a ground floor retail unit within a larger block and benefits from car parking to the front of the property. The property was formerly the Blue Boy Hotel and also comprises two other ground floor retail units and three residential flats on the first floor, all of which have been sold on long leases.

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 comprises a ground floor retail unit within a larger block and benefits from car parking to the front of the property. The property was formerly the Blue Boy Hotel and also comprises two other ground floor retail units and three residential flats on the first floor, all of which have been sold on long leases.

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 Reviews/
(Reversion)
Ground Retail
381.30 sq m
(4,104 sq ft)
HERON FOODS
LIMITED (1)
15 years from 9th
January 2015 until
2030 (2)
£45,000 09/01/2020 and
09/01/2025.
Reviews linked to
Retail Price Index.
Ground
First
2 x retail
units
3 x flats
Not Measured
VARIOUS 5 individual 999
year leases
£750 (3)  
Total
381.30 sq m
(4,104 sq ft)
    £45,750  

(1) Heron Foods Limited was incorporated in 1978 and currently operates from 250 outlets nationwide. For the year ending 31st December 2016 Heron Foods Limited reported a turnover of £274,440,000, pre-tax profits of £8,727,000 and a total net worth of £34,544,000 (Source: Experian 21/9/2018).
(2) The lease provides for a tenant option to determine the lease on 8th January 2025 subject to 6 months’ notice.
(3) The rent reserved under the terms of each 999 year lease is £150 per annum exclusive.

Property Documents

  • Site Plan
    Updated Date
    26.09.18
    File Size
    479 KB
    View PDF
  • Catalogue Page
    Updated Date
    26.09.18
    File Size
    699 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Associate Auctioneers
Edwards & Co. 26 King Street
Manchester
M2 6AY
Martin Hamer 0161 833 9991martin@edwardsandco.com
Seller's Solicitors
Hill Dickinson LLP 50 Fountain Street
Manchester
M2 2AS
Michael Blakey 0161 817 7247michael.blakey@hilldickinson.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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