Part let to Barnardo’s on a new 5 year lease (renewal)
Barnardo’s in occupation for at least 15 years
Part let to Countrywide Estate Agents (not in occupation)
Opportunity to convert self-contained upper parts to residential (subject to lease and consents)
Nearby occupiers include Boots the Chemist, Greggs, Costa Coffee, WHSmith, Holland & Barrett, Superdrug and Barclays, HSBC and Nationwide banks
VAT free investment
Affluent Cambridgeshire market town
Lot 16
Auction 14th February 2019
Rent £42,000 per Annum
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles east of Huntingdon
14 miles north-west of Cambridge
Roads
A1 (M), A14, A141
Air
London Stansted, Heathrow and Gatwick
Situation
St Ives is an affluent market town in Cambridgeshire, some 6 miles east of Huntingdon and 14 miles north-west of Cambridge. The property is located on the north side of The Pavement in a prominent town centre location, opposite the weekly St Ives street market on Market Hill. Other nearby occupiers including Boots the Chemist, WHSmith, Greggs, Costa Coffee, Holland & Barrett, Superdrug and HSBC, Nationwide and Barclays Bank.
Tenure
Freehold.
Location
Miles
6 miles east of Huntingdon
14 miles north-west of Cambridge
Roads
A1 (M), A14, A141
Air
London Stansted, Heathrow and Gatwick
Situation
St Ives is an affluent market town in Cambridgeshire, some 6 miles east of Huntingdon and 14 miles north-west of Cambridge. The property is located on the north side of The Pavement in a prominent town centre location, opposite the weekly St Ives street market on Market Hill. Other nearby occupiers including Boots the Chemist, WHSmith, Greggs, Costa Coffee, Holland & Barrett, Superdrug and HSBC, Nationwide and Barclays Bank.
Tenure
Freehold.
Description
The property comprises two shops, one arranged on ground floor only and the other arranged on the ground floor with self-contained offices on the first and second floors, accessed from the front. There is potential to convert the upper floors to residential, subject to the existing lease and consents.
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 two shops, one arranged on ground floor only and the other arranged on the ground floor with self-contained offices on the first and second floors, accessed from the front. There is potential to convert the upper floors to residential, subject to the existing lease and consents.
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.
(1) For the year ending 31st March 2017, Bernardo’s reported a total net worth of £2,153,000 (Source: Experian 18/12/2018). (2) Countrywide is one of the leading providers in estate agency services and owns and operates over 60 brands of estate agents (Source: www.countrywide.co.uk). The tenant is not currently in occupation.
