Victory House
Central Avenue, Brampton Park
Brampton
Cambridgeshire
PE28 4BZ

Modern Purpose Built Freehold Convenience Store, Residential Investment with Car Parking & 2 Vacant Shops

  • Modern Purpose Built Freehold Convenience Store, 2 shops, 13 Apartments and Car Parking
  • On the newly developed strategically located Brampton Park development, near Huntingdon close to A1/A14 interchange
  • Convenience Store let to Central England Cooperative Limited (t/a Co-Op) on a lease expiring 2033 (NO BREAKS)
  • 13 Purpose Built Apartments let on AST`s
  • Two vacant shops with opportunity to immediately increase rental income
  • Total Gross Internal Floor Area 1,434 sq m (15,435 sq ft)
  • Lot
    11
  • Auction
    23/Sep/2020
  • Rent
    £185,100 per Annum Exclusive
  • Status
    Sold Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • Victory House<br>Central Avenue, Brampton Park<br>Brampton<br>Cambridgeshire<br>PE28 4BZ
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* More information on the term "price" can be found here

Property Information

Location
Miles
2 miles south west of Huntingdon
17 miles north west of Cambridge
19 miles south of Peterborough
Roads
A1, A14, B1514
Rail
1.5 miles to Huntingdon Railway Station
(to London Kings Cross in 48 minutes)
Air
London Stansted (40 miles south)
Luton Airport (43 miles south)
Situation

Brampton is a predominately residential area 2 miles south west of Huntingdon and 17 miles north west of Cambridge located on the B1514 which provide direct links to the A1/A14 junction. Huntingdon Railway station is 1.5 miles to the north east, with a fastest journey time to London Kings Cross of 48 minutes. Huntingdon racecourse is 1 mile to the north, Grafham Water is 3 miles to the west and Brampton Golf course within walking distance. Brampton Park is a new 600 residential unit development with associated amenities and is being built out by Linden Homes, Crest Nicholson, Campbell Buchanan and Winborough Homes. The property is located on Central Avenue close to its junction with Buckden Road (B1514) in a newly developed residential area.

Tenure

Freehold.

Description

Completed in 2019 the building comprises a ground floor convenience store, two ground floor shops and 13 new purpose built apartments on the first and second floors. The property benefits from 30 car parking spaces. There are 13 apartments, on two floors, consisting of 5 x 1 bed and 8 x 2 bed. Flats 7 & 8 are Duplex over first & second floors. Each flat has an allocated parking space. (see legal pack at www.acuitus.co.uk for details of the apartment fit out)

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
Ground
Unit 1
Retail
371.10 sq m
& 13 car
parking spaces
(3,995 sq ft)
Central
England Co-
Operative
Limited (2)
15 years from
5/11/2018
£60,0002023 and 5
yearly, linked
to RPI,
capped at 4%
Ground
Unit 2
Retail
46.70 sq m
(503 sq ft)
VACANT---
Ground
Unit 3
Retail
75.90 sq m
(817 sq ft)
VACANT---
First Floor
Apartment 1
Residential -
1 bed
47.93 sq m
(516 sq ft)
INDIVIDUAL12 month AST from
12/06/20
£7,800
First Floor
Apartment 2
Residential -
2 bed
60.00 sq m
(646 sq ft)
INDIVIDUAL6 month AST from
12/06/20
£10,200
First Floor
Apartment 3
Residential -
2 bedl
60.00 sq m
(646 sq ft)
INDIVIDUAL12 month AST from
01/09/20
£10,200
First Floor
Apartment 4
Residential -
1 bed
47.93 sq m
(516 sq ft)
INDIVIDUAL12 month AST from
1/07/20
£7,800
First Floor
Apartment 5
Residential -
1 bed
47.93 sq m
(516 sq ft)
INDIVIDUAL12 month AST
from1/07/20
£7,800
First Floor
Apartment 6
Residential -
1 bed
44.96 sq m
(484 sq ft)
INDIVIDUAL6 month AST
from6/06/20
£7,500
First & Second
Floor
Duplex
Apartment 7
Residential -
2 bed
121.00 sq m
(1,302 sq ft)
INDIVIDUAL12 month AST
from14/08/20
£11,940
First & Second
Floor
Duplex
Apartment 8
Residential -
2 bed
98.00 sq m
(10,055 sq ft)
INDIVIDUAL12 month AST
from1/09/20
£11,940
First Floor
Apartment 9
Residential -
2 bed
71.16 sq m
(796 sq ft)
INDIVIDUAL12 month AST
from25/07/20
£10,500
Second Floor
Apartment 10
Residential -
2 bed
69.95 sq m
(753 sq ft)
INDIVIDUAL6 month AST
from19/06/20
£10,500
Second Floor
Apartment 11
Residential -
2 bed
69.95 sq m
(753 sq ft)
INDIVIDUAL6 month AST
from17/06/20
£10,500
Second Floor
Apartment 12
Residential -
2 bed
67.00 sq m
(721 sq ft)
INDIVIDUAL6 month AST
from1/07/20
£10,200
Second Floor
Apartment 13
Residential -
1 bed
52.00 sq m
(560 sq ft)
INDIVIDUAL12 month AST
from1/07/20
£8,220
Total Net
Total Gross
Internal Area
Internal Area
1,350.67 sq m
1,434 sq m
(14,539 sq ft)
(
15,435 sq ft)
  £185,100 

(2) Formed by the merger of Midlands and Anglia Co-operatives, Central England Co-operative is one of the largest independent retailers in the UK, with over 400 trading outlets, a family of around 8,600 colleagues and more than 330,000 regular trading members. (www.centralengland.coop) For the year ended 26th January 2019 Central England Co-Operative Limited reported a Total Turnover of 827,804,000, Pre-tax profit of 2,007,000 and Shareholders funds of 216,083,000. (source : Smart Search 11/08/2020)

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    25.09.20
    File Size
    419 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    482 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Rapleys LLP 51 Great Marlborough Street
London
W1F 7JT
Angus Irvine 0870 777 6292abi@rapleys.co.uk
Seller's Solicitors
Hewitsons LLP Elgin House, Billing Road
Northampton
NN1 5AU
Bryan Guest 01604 463 149BryanGuest@hewitsons.com

Useful Links

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