68 High Street Stamford Lincolnshire PE9 2AW

68 High Street
Stamford
Lincolnshire
PE9 2AW

Prime Freehold Retail Investment

  • Recently let to Hotel Chocolat Stores Limited
  • New 10 year lease from October 2018 (subject to option)
  • Shop comprehensively refurbished prior to the letting
  • Nearby occupiers include Boots the Chemist, Joules, Space.NK, Caffè Nero, WHSmith, The White Company, White Stuff, Neal’s Yard and Jack Wills
  • VAT-free investment
  • Prosperous and historic Lincolnshire market town
  • Lot
    34
  • Auction
    5th December 2018
  • Rent
    £47,000 per Annum
  • Status
    Sold
  • Price
    £962,000
  • 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

Prime Freehold Retail Investment

  • Recently let to Hotel Chocolat Stores Limited
  • New 10 year lease from October 2018 (subject to option)
  • Shop comprehensively refurbished prior to the letting
  • Nearby occupiers include Boots the Chemist, Joules, Space.NK, Caffè Nero, WHSmith, The White Company, White Stuff, Neal’s Yard and Jack Wills
  • VAT-free investment
  • Prosperous and historic Lincolnshire market town
  • Lot 34
  • Auction 5th December 2018
  • Rent
  • Status Sold
  • Price £962,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
14 miles north-west of Peterborough, 42 miles south-east of Nottingham
Roads
A1, A606
Rail
Stamford Railway Station
Air
East Midlands Airport
Situation

Renowned for its wealth of limestone-dressed buildings, in 2013 Stamford was rated the best place to live by the Sunday Times. A prosperous and historic Lincolnshire market town, it occupies a strategic point on the Great North Road (A1), being halfway between London and York. The property is situated in one of the finest trading positions, on the southern side of the pedestrianised High Street, close to Red Lion Square. Nearby occupiers include the adjoining Boots the Chemist with Joules, Space.NK, WHSmith, The White Company, White Stuff, Neal’s Yard, Jack Wills and Caffè Nero all nearby. Bath Row car park is a short walk away, providing car parking for approximately 40 cars.

Tenure

Freehold.

Location
Miles
14 miles north-west of Peterborough, 42 miles south-east of Nottingham
Roads
A1, A606
Rail
Stamford Railway Station
Air
East Midlands Airport
Situation

Renowned for its wealth of limestone-dressed buildings, in 2013 Stamford was rated the best place to live by the Sunday Times. A prosperous and historic Lincolnshire market town, it occupies a strategic point on the Great North Road (A1), being halfway between London and York. The property is situated in one of the finest trading positions, on the southern side of the pedestrianised High Street, close to Red Lion Square. Nearby occupiers include the adjoining Boots the Chemist with Joules, Space.NK, WHSmith, The White Company, White Stuff, Neal’s Yard, Jack Wills and Caffè Nero all nearby. Bath Row car park is a short walk away, providing car parking for approximately 40 cars.

Tenure

Freehold.

Description

The property comprises a recently comprehensively refurbished ground floor shop with ancillary accommodation on the lower ground and first floors.

VAT

VAT is not 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 a recently comprehensively refurbished ground floor shop with ancillary accommodation on the lower ground and first floors.

VAT

VAT is not 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 Review
Ground
Lower Ground
First
Retail
Ancillary
Ancillary
58.06 sq m
9.38 sq m
46.54 sq m
(625 sq ft)
(101 sq ft)
(501 sq ft)
HOTEL CHOCOLAT
STORES LIMITED
(1)
10 years from
15/10/2018 until
14/10/2028 on a full
repairing and insuring
lease (2)
£47,000 15/10/2023
Total
113.98 sq m
(1,227 sq ft)
    £47,000  

(1) Hotel Chocolat trades from 113 branches in the UK. Hotel Chocolat Stores Limited is a part of Hotel Chocolat Group Plc who, for the year ending 2nd July 2017, reported a turnover of £105,240,130, pre-tax profits of £11,205,211 and a total net worth of £28,824,844 (Sources: www.hotelchocolat.com and Experian Group 08/11/2018).
(2) The lease is subject to a tenant option only option to determine on 14th October 2023. If the tenant exercises their option to determine, a rent penalty of £11,750 will be paid to the landlord.

Property Documents

  • Site Plan
    Updated Date
    13.11.18
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    13.11.18
    File Size
    2 MB
    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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Druces LLP Salisbury House, London Wall
London
EC2M 5PS
Karen Chapman 0207 216 5591k.chapman@druces.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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