London Road
Wrentham
Suffolk
NR34 7HJ

Freehold Retail Investment

  • Let to The Original Factory Shop Group Limited until 2025 (no breaks)
  • Prominent position with extensive frontage to the A12
  • Residential redevelopment potential (subject to consents)
  • Lot
    35
  • Auction
    23/Sep/2020
  • Rent
    £115,863 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • London Road<br>Wrentham<br>Suffolk<br>NR34 7HJ
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* More information on the term "price" can be found here

Property Information

Location
Miles
45 miles north-east of Ipswich
Roads
A12
Rail
Darsham
Air
Norwich International Airport
Situation

Wrentham is an attractive village located near to the famous Suffolk coastal town of Southwold. The property occupies a prominent position on London Road (A12), which leads onto High Street approximately 100 metres to the north. The property is situated in a predominantly residential area with Meadowlands, a new residential development, located diagonally opposite the site.

Tenure

Freehold.

Description

The property comprises a substantial building with retail accommodation on ground and storage accommodation to the upper level. The property benefits from a site area of approximately 0.87 acres (0.354 hectares) and 33 marked car parking spaces, with capacity for more. The property may be suitable for future residential or care home redevelopment subject to consents.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReversion
Ground
First
Retail/Ancillary
Ancillary
1,122.55 sq m
627.65 sq m
(12,083 sq ft
(6,756 sq ft)
THE ORIGINAL FACTORY
SHOP GROUP LIMITED
(CRN 02882042) (1)
25 years from
24/03/2000
£115,86324/03/2025
Total
1,750.20 sq m
(18,839 sq ft)
  £115,863 

(1) For the year ending 31st March 2019, The Original Factory Shop Group Limited (formerly The Factory Shop Group Limited) (CRN 02882042) reported shareholder funds of £2,736,000 (Source: SmartSearch 02/09/2020). The Original Factory Shop operate 166 outlets nationwide. (www.tofts.com 02/09/2020).

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
    16.09.20
    File Size
    12 MB
    Login to View
  • Site Plan
    Updated Date
    02.09.20
    File Size
    563 KB
    View PDF
  • Catalogue Page
    Updated Date
    07.09.20
    File Size
    1 MB
    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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Bidwells LLP
Lucy Young 020 7297 6278lucy.young@bidwells.co.uk
Seller's Solicitors
Birketts LLP 24-26 Museum Street
Ipswich
Suffolk
IP1 1HZ
Stacy Aspden +44 (0)1473 299198Stacy-Aspden@birketts.co.uk

Useful Links

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