15 / 16 Market Hill
St Ives
Cambridgeshire
PE27 5AL

Freehold Retail Investment

  • Let to Peacocks Stores Limited on a recently renewed lease until 2024 (subject to option)
  • Rent re-based at renewal
  • Prominent position on Market Hill
  • Affluent Cambridgeshire market town
  • Nearby occupiers include Boots, HSBC, Greggs and M & Co.
  • Lot
    46
  • Auction
    11/Jul/2019
  • Rent
    £60,000 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Trustees
Important Auction & Property Update
  • 15 / 16 Market Hill<br>St Ives<br>Cambridgeshire<br>PE27 5AL
  • Expand
  • 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 occupies a prominent position on the southern side of Market Hill, where St Ives weekly markets are hosted. Nearby occupiers include Boots, HSBC, Greggs and M & Co.

Tenure

Freehold.

Description

The property comprises a double fronted retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

Available in legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReversion
Ground
First
Second
Retail
Ancillary
Ancillary
433.68 sq m
110.03 sq m
121.56 sq m
(4,668 sq ft)
(1,184 sq ft)
(1,308 sq ft)
PEACOCKS
STORES LIMITED
(1)
5 years from 18/04/2019
on a full repairing and
insuring lease (2) (3)
£60,00017/04/2024
Total
665.27 sq m
(7,160 sq ft)
  £60,000 

(1) For the year ending 25 Aug 2018, Peacocks Stores Limited reported a turnover of £564,266,000, pre-tax profits of £66,506,000 and a total net worth of £146,493,000. (Source: Experian Group 12/06/2019)
(2) The lease is subject to a schedule of condition.
(3) The lease provides an option to determine on 18/04/2022.

Property Documents

  • Site Plan
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    949 KB
    View PDF
  • Common Auction conditions
    Updated Date
    15.08.19
    File Size
    144 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Hewitsons LLP Shakespeare House, 42 Newmarket Road,
Cambridge
CB5 8EP
Susanne Hinde 01223 532728susannehinde@hewitsons.com

Useful Links

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now