44 - 45 High Street
Stamford
Lincolnshire
PE9 2BD

Freehold Retail Investment in Historic Market Town

  • Entirely let to Wilko Retail Limited with important outstanding 2018 Rent Review (see Note 2)
  • Located within historic market town of Stamford
  • Pedestrianised High Street location
  • Nearby occupiers include Tesco, Marks & Spencer, Subway, Costa Coffee and Carphone Warehouse
  • Lot
    27
  • Auction
    05/Dec/2018
  • Rent
    £93,800 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On the Instructions of a Major Pension Fund
Important Property Update
  • 44 - 45 High Street<br>Stamford<br>Lincolnshire<br>PE9 2BD
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Property Information

Location
Miles
13 miles north-west of Peterborough
21 miles south of Grantham
Roads
A1175, A43, A1
Rail
Stamford Rail (direct services to Birmingham New
Street, Cambridge and Stansted Airport)
Air
London Stansted, London Luton
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 a strong trading position, on the southern side of the pedestrianised High Street. Nearby occupiers include the adjoining Tesco Express, with Marks & Spencer Simply Food, Subway, Costa Coffee and Carphone Warehouse all nearby. Other retailers on High Street include Sea Salt, Jack Wills, White Company and Caffè Nero. St Leonard’s Street car park is a short walk away, providing car parking for approximately 40 cars.

Tenure

Freehold.

Description

The property, a stone faced two storey building, provides retail and ancillary accommodation on both the ground and first floors.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUse
Floor Areas (Approx)
TenantTermRent p.a.xReviews
Ground
First
Retail/Ancillary
Ancillary
315.87 sq m
199.00 sq m
(3,400 sq ft)
(2,145 sq ft)
WILKO RETAIL
LIMITED (1)
15 years from
29/04/2008 until
28/04/2023 on a
full repairing and
insuring lease
£93,80029/04/2018 (2)
Total
782.37 sq m
(5,545 sq ft)
  £93,800 

(1) Started in 1930, Wilko now has over 400 stores in the UK with 200,000 products also available at wilko on line (Source – corporate.wilko.com 07/11/2018). For the year ending 3rd February 2018, Wilko Retail Ltd reported a turnover of £1,619,577,000, operating profit of £12,995,000 and net assets of £104,949,000 (Source: Companies House 12/11/2018).
(2) The 2018 rent review is currently outstanding. Notice has been served at £150,000 per annum. Please refer to the legal pack for information.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    15.11.18
    File Size
    144 MB
    Login to View
  • Site Plan
    Updated Date
    14.11.18
    File Size
    3 MB
    View PDF
  • Catalogue Page
    Updated Date
    14.11.18
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Gwen ThomasGwen Thomas +44 (0)20 7034 4857 +44 (0)7809 363549gwen.thomas@acuitus.co.uk
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863georgina.roberts@acuitus.co.uk
Seller's Solicitors
Shepherd and Wedderburn LLP Condor House, 10 St. Paul's Churchyard
London
EC4M 8AL
Lauren McLeod 0207 429 4959lauren.mcleod@shepwedd.com

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