15 St Peter's Gate
Nottingham
Nottinghamshire
NG1 2JF

Freehold Retail Investment

  • Let to The White Company (U.K.) Limited on a recently renewed lease from July 2020
  • Re-based rent (previous rent £140,000 pa)
  • Includes first floor trading accommodation
  • Excellent City Centre location
  • Nearby retailers include Waterstones, FatFace, Jack Wills, White Stuff, Molton Brown, Ted Baker, Joules, Boss and Reiss
  • Lot
    14
  • Auction
    28/Oct/2020
  • Rent
    £65,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • 15 St Peter's Gate<br>Nottingham<br>Nottinghamshire<br>NG1 2JF
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* More information on the term "price" can be found here

Property Information

Location
Miles
15 miles north of Loughborough
49 miles north-east of Birmingham
Roads
A60, A610, M1
Rail
Nottingham
Air
Birmingham Airport
Situation

Nottingham, a city located in the East Midlands, is approximately 15 miles north of Loughborough and 49 miles north-east of Birmingham. The city benefits from excellent road links, being less than 10 miles from Junction 25 of the M1 motorway. The property is located in a prominent position on the north side of St Peter's Gate, close to its junction with Bridlesmith Gate. Nearby retailers include Waterstones, FatFace, Jack Wills, White Stuff, Molton Brown, Ted Baker, Joules, Boss and Reiss.

Tenure

Freehold.

Description

The property comprises a ground floor shop with further retail accommodation on first floor, and ancillary accommodation on the basement and second floor (accessed via a hatch and disused).

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
Basement
First
Second
Retail
Ancillary
Retail/Ancillary
Ancillary/Plant Room
201.17 sq m
112.49 sq m
158.05 sq m
73.18 sq m
(2,165 sq ft)
(1,211 sq ft)
(1,701 sq ft)
(788 sq ft)
THE WHITE
COMPANY (U.K.)
LIMITED (1)
5 years from 01/07/2020
until 30/06/2025 (2) on a
full repairing and
insuring lease (3)
£65,000
Total
544.89 sq m
(5,865 sq ft)   £65,000

(1) For the year ending 3rd August 2019, The White Company (U.K.) Limited reported a turnover of £273,268,000, pre-tax profits of £13,306,000 and shareholders funds of £39,398,000 (source: SmartSearch 02/10/2020).
(2) The lease is subject to a tenant option to determine the lease on 31/12/2022, subject to 6 months notice.
(3) Please note that the basement and second floors are subject to a Schedule of Condition.

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
    23.10.20
    File Size
    22 MB
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  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    5 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    876 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
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@acuitus.co.uk
Seller's Solicitors
DWF LLP Bridgewater Place, Water Lane
Leeds
Yorkshire
LS11 5DY
Helen Pashley 0113 261 6562helen.pashley@dwf.law

Useful Links

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