New 5 year lease renewal from September 2018 (no breaks)
Previous rent £95,000 per annum exclusive
No concessions or incentives offered at lease renewal
Prime trading location close to WHSmith, Boots the Chemist, Waterstones, Fat Face, Pandora and Betty’s Tea Room
Attractive and affluent North Yorkshire market town
Lot 30
Auction 5th December 2018
Rent £100,000 per Annum Exclusive
Status Sold
Price £1,515,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
24 miles north of Harrogate, 31 miles north-west of York
Roads
A19, A167, A168, A1(M)
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation
Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position between WHSmith and Barclays Bank, on the western side of High Street, Northallerton’s principal retailing thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Costa, Pandora, Fat Face, Caffè Nero and Superdrug. High Street provides car parking for over 70 cars.
Tenure
Freehold.
Location
Miles
24 miles north of Harrogate, 31 miles north-west of York
Roads
A19, A167, A168, A1(M)
Rail
Northallerton Railway Station
Air
Leeds Bradford Airport
Situation
Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position between WHSmith and Barclays Bank, on the western side of High Street, Northallerton’s principal retailing thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Costa, Pandora, Fat Face, Caffè Nero and Superdrug. High Street provides car parking for over 70 cars.
Tenure
Freehold.
Description
The property comprises a ground floor shop with clear sales space and ancillary accommodation with further ancillary accommodation on the first and second floors. The property benefits from car parking for 8 cars to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
EPC Rating Band C.
See legal pack at acuitus.co.uk
Description
The property comprises a ground floor shop with clear sales space and ancillary accommodation with further ancillary accommodation on the first and second floors. The property benefits from car parking for 8 cars to the rear.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
EPC Rating Band C.
See legal pack at acuitus.co.uk
5 years from 29/09/2018 on a full repairing and insuring lease
£100,000
Total
437.94 sq m (1)
(4,714 sq ft) (1)
£100,000
(1) Floor areas agreed at lease renewal. (2) Clintons is the trading name of AG Retail Cards Limited. Clintons was established in 1968 and is a leading retailer of cards and gifts, operating over 400 stores throughout the UK (Source: www.clintonsretail.com 29/10/2018).
