8-10 Bridlesmith Gate
Nottingham
Nottinghamshire
NG1 2GS

Virtual Freehold Retail Investment

  • Let to The Body Shop International Limited
  • No Arrears
  • City Centre Location
  • Nearby retailers include Jack Wills, The White Company, Waterstones, L'Occitane, Jules, Molton Brown, Ted Baker & Hugo Boss
  • Lot
    21
  • Auction
    28/Oct/2020
  • Rent
    £80,500 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 8-10 Bridlesmith Gate<br>Nottingham<br>Nottinghamshire<br>NG1 2GS
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* More information on the term "price" can be found here

Property Information

Location
Miles
14 miles east of Derby
52 miles north-east of Birmingham
32 miles South of Sheffield
Roads
A52, A60, M1
Rail
Nottingham Train Station
Air
Birmingham International Airport
Situation

The property is situated in a strong retailing position on the west side of Bridlesmith Gate, at its junction with St Peters Gate. Neigbouring occupiers include Jack Wills, The White Company, Waterstones, L'Occitane, Jules, Molton Brown, Ted Baker & Hugo Boss.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a peppercorn rent.

Description

The property comprises a self contained ground floor retail accommodation with forms part of a larger attractive Grade II listed building.

VAT

VAT is applicable to this lot.

Note

The adjoining retail unit let to Molton Brown Limited is being offered for sale as Lot 18.

Completion Period

Six Week Completion

EPC

Band D. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.x
Ground
Basement
Retail
Ancillary
57.62 sq m
60.39 sq m
(620 sq ft)
(650 sq ft)
The Body Shop
International Limited
5 years from 12/04/2019£80,500
Totals
118.01 sq m
(1,270 sq ft)   £80,500

(1) For the year ending 31st December 2018 The Body Shop International Limited (CRN 01284170) reported a Total Turnover of £806,000,000., Pre tax profits of £20,000,000 and Shareholder funds of £351,000,000 (Source: SmartSearch 26/08/20).

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

  • Catalogue Page
    Updated Date
    07.10.20
    File Size
    5 MB
    View PDF
  • Site Plan
    Updated Date
    07.10.20
    File Size
    891 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
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
Seller's Solicitors
Progeny Law and Tax Limited. Progeny, 1A Tower Square
Leeds
LS1 4DL
Julie Evans 0113 4682448 Julie.Evans@theprogenygroup.com

Useful Links

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