Let to Gelatos House Limited t/a Kaspa’s until 2031 (subject to options)
Located within popular university town
Town centre location close to Culver Square and Priory Walk Shopping Centres
Nearby occupiers include Sainsbury’s, WHSmith, Debenhams and Chanel
Lot 70
Auction 5th December 2018
Rent £65,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
20 miles south-west of Ipswich
24 miles north-east of Chelmsford
Roads
A12, A120, A133, M11, M25
Rail
Colchester Railway Station
Air
London Stansted Airport
Situation
Colchester is a popular university and historic town located 20 miles south-west of Ipswich. The property is located in a prominent position fronting High Street, in the heart of Colchester town centre. Culver Square and Priory Walk Shopping Centres are located close by, with retailers including Sainsbury’s, WHSmith, Debenhams, Chanel, JD Sports, H&M, Topshop and TK Maxx.
Tenure
Freehold.
Location
Miles
20 miles south-west of Ipswich
24 miles north-east of Chelmsford
Roads
A12, A120, A133, M11, M25
Rail
Colchester Railway Station
Air
London Stansted Airport
Situation
Colchester is a popular university and historic town located 20 miles south-west of Ipswich. The property is located in a prominent position fronting High Street, in the heart of Colchester town centre. Culver Square and Priory Walk Shopping Centres are located close by, with retailers including Sainsbury’s, WHSmith, Debenhams, Chanel, JD Sports, H&M, Topshop and TK Maxx.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation.
NB: Bang & Olufsen, 61 High Street is being offered as lot 64
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises a double fronted ground floor retail unit with first floor ancillary accommodation.
NB: Bang & Olufsen, 61 High Street is being offered as lot 64
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Retail Ancillary
357.87 sq m 153.15 sq m
(3,852 sq ft) (1,648 sq ft)
GELATOS HOUSE LIMITED guaranteed by Kaspas Distribution Limited t/a Kaspa’s (1) (2)
15 years from 05/07/2016 expiring 04/07/2031 on a full repairing and insuring lease (3)
£65,000
05/07/2021 and five yearly
Total
511.02 sq m
(5,500 sq ft)
£65,000
(1) Kaspa’s is a chain of exciting new dessert houses that offers the world’s favourite hot and cold desserts under one roof. They currently have over 70 branches across the UK (Source: http://kaspas.co.uk 09/11/2018). (2) The tenant guarantee is in place until 05/07/2021. (3) The lease provides an option to determine on 05/07/2022 and 05/07/2027.