Freehold Retail & Office Investment in Prime Town Centre Location
Ground floor let to Monsoon Accessorize Ltd
Well configured recently redeveloped retail unit
Prime trading position in sought after market town
Nearby occupiers include W H Smith, HSBC, Dorothy Perkins and Clinton Cards
Six Week Completion Period Available
Lot 5
Auction 18th October 2011
Rent £90,000 per Annum Exclusive
Status Sold
Price £1,000,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
14 miles south-east of Leicester, 18 miles north of Northampton, 52 miles east of Birmingham
Roads
A508, A14, M1 (Junction 19)
Rail
Market Harborough Mainline Railway Station , (direct to London St Pancras)
Air
Birmingham International Airport
Situation
The property is situated in a prime position in the town centre and benefits from a prominent frontage to High Street, Market Harborough's principal retail location.
Tenure
Freehold.
Location
Miles
14 miles south-east of Leicester, 18 miles north of Northampton, 52 miles east of Birmingham
Roads
A508, A14, M1 (Junction 19)
Rail
Market Harborough Mainline Railway Station , (direct to London St Pancras)
Air
Birmingham International Airport
Situation
The property is situated in a prime position in the town centre and benefits from a prominent frontage to High Street, Market Harborough's principal retail location.
Tenure
Freehold.
Description
The property was redeveloped in 2009 to provide a modern, well configured retail unit for Monsoon's occupation. The ground floor provides sales and ancillary accommodation while the first floor comprises self-contained office accommodation that is not currently occupied.
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 was redeveloped in 2009 to provide a modern, well configured retail unit for Monsoon's occupation. The ground floor provides sales and ancillary accommodation while the first floor comprises self-contained office accommodation that is not currently occupied.
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/ Ancillary
290.32 sq m
(3,125 sq ft)
MONSOON ACCESSORIZE LIMITED (1)
10 years from 02/12/2009 on a full repairing and insuring lease
£90,000
02/12/2014 (02/12/2019)
First
Office
67.26 sq m
(724 sq ft)
VACANT POSSESSION
Totals
357.58 sq m
(3,849 sq ft)
£90,000
(1) For the year ending 28th August 2010, Monsoon Accessorize Limited reported a turnover of £561,749,218, pre-tax profits of £98,225,288 and a net worth of £130,331,400. (Source: www.riskdisk.com 22/09/2011)
