20 / 22 Crown Street & 1 - 3 Bridge Street
St Ives
Cambridgeshire
PE27 5AB

Freehold Retail Parade Investment

  • Fully let retail parade let to Mountain Warehouse, WH Smith and Clinton Cards
  • Prominent corner position
  • Affluent Cambridgeshire market town
  • Nearby occupiers include Superdrug, Fat Face, Costa Coffee and Lloyds Bank
  • Future residential development potential (subject to consents)
  • Lot
    19
  • Auction
    04/Apr/2019
  • Rent
    £173,200 per Annum Exclusive
  • Status
    Available
  • Price*
    £1,900,000 - £1,950,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • 20 / 22 Crown Street & 1 - 3 Bridge Street<br>St Ives<br>Cambridgeshire<br>PE27 5AB
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  • Photos
  • Map

* More information on the term "price" can be found here

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 14 miles north-west of Cambridge. The property is located within the town centre on the west side of Crown Street in a prominent corner position, adjacent to The Pavement. Nearby occupiers include Superdrug, Fat Face, Costa Coffee and Lloyds Bank.

Tenure

Freehold.

Description

The property comprises four ground floor retail units with first and second floor ancillary accommodation. Units 3 and 4 are currently interconnected internally.

VAT

VAT is 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

UnitFloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Unit 1Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
146.57 sq m
136.44 sq m
Not Measured
(1,577 sq ft)
(1,468 sq ft)
MOUNTAIN
WAREHOUSE
LIMITED (1)
10 years from
05/11/2018 (2)
£56,00005/11/2023
Unit 2Ground
First
Second
Retail/Ancillary
Ancillary
Ancillary
131.62 sq m
129.87 sq m
Not Measured
(1,417 sq ft)
(1,398 sq ft)
A G RETAIL
CARDS LIMITED
t/a Clintons (3)
5 years from
20/02/2019
£46,000 
Unit 3Ground
First
Second
Retail
Ancillary
Ancillary
112.45 sq m
129.87 sq m
Not Measured
(1,210 sq ft)
(1,135 sq ft)
WH SMITH RETAIL
HOLDINGS
LIMITED (4)
Approximately
15 years from
14/01/2008 until
29/09/2022
£43,500 
Unit 4Ground
First
Second
Retail
Ancillary
Ancillary
88.76 sq m
68.17 sq m
(955 sq ft)
(734 sq ft)
WH SMITH RETAIL
HOLDINGS
LIMITED (4)
10 years from
30/09/2012
£27,700 
Total
919.20 sq m
(9,894 sq ft)
  £173,200 

(1) For the year ending 25 February 2018, Mountain Warehouse Limited reported a turnover of £225,910,000, pre-tax profits of £20,810,000 and a total net worth of £80,270,000 (Source: Experian Group 05/03/2019).
(2) The lease provides a tenant option to determine on 04/11/2024.
(3) Clintons is the trading name of AG Retail Cards Limited. Clintons was established in 1968 and is a leading retailer of cards and gifts, operating circa 360 stores throughout the UK (Source: www.clintonsretail.com 06/03/2019).
(4) For the year ending 31st August 2017, WH Smith Retail Holdings Limited reported a turnover of £181,024,000, pre-tax profits of £67,219,000 and a total net worth of £449,954,000 (Source: Experian Group 05/03/2019).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.03.19
    File Size
    313 MB
    Login to View
  • Catalogue Page
    Updated Date
    12.03.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    12.03.19
    File Size
    2 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.01.19
    File Size
    143 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
Hewitsons LLP Shakespeare House, 42 Newmarket Road,
Cambridge
CB5 8EP
Susanne Hinde 01223 532728susannehinde@hewitsons.com

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