Future Change of Use/Redevelopment potential (subject to lease and consents)
Attractive Grade II Listed Building
VAT-free investment
Town centre location with nearby occupiers including Boots the Chemist, WHSmith, Pizza Express, Greggs and Caffe Nero
Lot 19
Auction 11th February 2021
Rent
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles east of Cambridge
Roads
A11, A14
Rail
Newmarket
Air
London Stansted
Situation
Newmarket is a market town known globally for being the home of British horse racing, with the racecourse located about one mile from the property. The property is situated in a central location on the south side of High Street, close to retailers including Boots the Chemist, WHSmith,
Pizza Express, Greggs and Caffe Nero.
Tenure
Freehold.
Location
Miles
12 miles east of Cambridge
Roads
A11, A14
Rail
Newmarket
Air
London Stansted
Situation
Newmarket is a market town known globally for being the home of British horse racing, with the racecourse located about one mile from the property. The property is situated in a central location on the south side of High Street, close to retailers including Boots the Chemist, WHSmith,
Pizza Express, Greggs and Caffe Nero.
Tenure
Freehold.
Description
The property, which is Grade II Listed, comprises a three storey building arranged as a shop trading on the ground and first floors, ancillary accommodation arranged on the basement and second floors. The property benefits from a yard to the front with parking for approximately six cars.
VAT
VAT is not applicable to this lot.
EPC
See legal pack at www.acuitus.co.uk.
Description
The property, which is Grade II Listed, comprises a three storey building arranged as a shop trading on the ground and first floors, ancillary accommodation arranged on the basement and second floors. The property benefits from a yard to the front with parking for approximately six cars.
MOONS TOY SUPERSTORES LIMITED (1) with a personal guarantee
15 years from 21/01/2008 until 20/01/2023 on a full repairing and insuring lease
£37,500
Total
427.41 sq m
(4,601 sq ft)
£37,500
(1) www.moonstoystore.com. The tenant is currently paying a personal concessionary rent of £15,000 per annum.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.