20 year lease expiring June 2026 (subject to option)
Double fronted shop close to The Hildreds Shopping Centre
Nearby occupiers include Boots the Chemist, Poundland, Greggs, Edinburgh Woollen Mill and Specsavers
Lot 17
Auction 23rd May 2019
Rent
Status Withdrawn Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
22 miles east of Boston
37 miles east of Lincoln
Roads
A16, A52, A168, M1 (Junctions 27, 28)
Rail
Skegness Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Norwich International Airport
Situation
The property is situated on the south side of Lumley Road, the town's prime retail thoroughfare, a short walk from the entrance to the Hildreds Shopping Centre. Nearby occupiers include Boots the Chemist, Poundland, Greggs, Edinburgh Woollen Mill and Specsavers.
Tenure
Freehold.
Location
Miles
22 miles east of Boston
37 miles east of Lincoln
Roads
A16, A52, A168, M1 (Junctions 27, 28)
Rail
Skegness Railway Station
Air
Robin Hood Doncaster/Sheffield Airport
Norwich International Airport
Situation
The property is situated on the south side of Lumley Road, the town's prime retail thoroughfare, a short walk from the entrance to the Hildreds Shopping Centre. Nearby occupiers include Boots the Chemist, Poundland, Greggs, Edinburgh Woollen Mill and Specsavers.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E. Please see legal pack at acuitus.co.uk
Description
The property comprises a double fronted ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band E. Please see legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First
Retail/Ancillary Ancillary
199.74 sq m 95.78 sq m
(2,150 sq ft) (1,031 sq ft)
YOURS CLOTHING LIMITED (1)
20 years from 24/06/2006 until 23/06/2026 (2) on a full repairing and insuring lease
£70,000
Total
295.52 sq m
(3,181 sq ft)
£70,000
(1) Yours Clothing trades in the UK from over 140 stores, with additional retail operations in the Middle East, as well as a significant online retail business (Source: www.yoursclothing.co.uk 25/04/2019). For the year ending 28th January 2018, Yours Clothing Limited reported a turnover of £88,266,955, pre-tax profits of £6,568,482 and a total net worth of £9,531,646 (Source: Experian Group 29/04/2019). (2) The lease provides for a tenant's option to determine on 23rd June 2021.