15 / 16 Market Hill St Ives Cambridgeshire PE27 5AL

15 / 16 Market Hill
St Ives
Cambridgeshire
PE27 5AL

  • 15 / 16 Market Hill<br>St Ives<br>Cambridgeshire<br>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
    11th July 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 Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" 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.

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.

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

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reversion
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)
£60,000 17/04/2024
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
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Hewitsons LLP Shakespeare House, 42 Newmarket Road,
Cambridge
CB5 8EP
Susanne Hinde 01223 532728susannehinde@hewitsons.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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