77-79 Main Street Bulwell, Near Nottingham Nottinghamshire NG6 8QD

77-79 Main Street
Bulwell, Near Nottingham
Nottinghamshire
NG6 8QD

  • 77-79 Main Street<br>Bulwell, Near Nottingham<br>Nottinghamshire<br>NG6 8QD

Freehold Supermarket and Retail Investment

  • Let to Heron Foods, Card Factory and Merkur Slots
  • All shops let or renewed on recent completed leases from October 2020 and March & April 2021
  • Comprises 1,218.32 sq m (13,124 sq ft), with large site to the rear
  • Nearby retailers include Boots the Chemist, B&M, Poundland, Wilko and Iceland Foods
  • High Yielding on Guide Price
  • Lot
    30
  • Auction
    13/Dec/2021
  • Rent
    £109,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £1,210,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
4 miles north-west of Nottingham City Centre
19 miles north of Loughborough
Roads
A610, A6514, M1
Rail
Bulwell
Air
East Midlands Airport
Situation

Bulwell is a market town approximately 4 miles north-west of Nottingham and 19 miles north of Loughborough. The property is located in a prominent position on the west side of Main Street, close to it's junction with the pedestrianised Holborn Place, approximately 200m from Bulwell Train Station. Nearby retailers include Boots the Chemist, B&M, Poundland, Wilko and Iceland Foods.

Tenure

Freehold.

Location
Miles
4 miles north-west of Nottingham City Centre
19 miles north of Loughborough
Roads
A610, A6514, M1
Rail
Bulwell
Air
East Midlands Airport
Situation

Bulwell is a market town approximately 4 miles north-west of Nottingham and 19 miles north of Loughborough. The property is located in a prominent position on the west side of Main Street, close to it's junction with the pedestrianised Holborn Place, approximately 200m from Bulwell Train Station. Nearby retailers include Boots the Chemist, B&M, Poundland, Wilko and Iceland Foods.

Tenure

Freehold.

Description

The property comprises a quadruple fronted building (arranged as three shops) on the ground & first floors. The property includes a large site to the rear of the property, used for parking & servicing.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Description

The property comprises a quadruple fronted building (arranged as three shops) on the ground & first floors. The property includes a large site to the rear of the property, used for parking & servicing.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Various. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Unit No. Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review
79a Main
Street
Ground
First
Retail
Ancillary
137.25 sq m
125.67 sq m
(1,477 sq ft)
(1,353 sq ft)
SPORTSWIFT
LIMITED (1) (t/a
Card Factory)
5 years from
17/10/2020 until
16/10/2025
£31,500 (2) -
79b Main
Street
Ground
First
Retail
Ancillary
129.15 sq m
128.07 sq m
(1,390 sq ft)
(1,388 sq ft)
MERKUR SLOTS
UK LIMITED (3)
(t/a Merkur Slots)
15 years from
01/03/2021 until
29/02/2036 (4)
£30,000 (4) 01/03/2026
& 5 yearly
thereafter
77a & 77b
Main Street
Ground
First
Retail
Ancillary
369.24 sq m
328.93 sq m
(3,975 sq ft)
(3,541 sq ft)
HERON FOODS
LIMITED (5) (t/a
Heron Foods)
5 years from
04/04/2021 until
03/04/2026
£47,500 (6) -
Total
1,218.32 sq m
(13,124 sq ft)
    £109,000  

(1) For the year ending 31/01/2021 Sportswift Limited reported a turnover of £265,024,000, pre tax profits of £-10,866,000 and total shareholders equity of £42,722,000 (NorthRow 08/11/2021). Card Factory was founded in 1997 and now operates from over 1,000 stores in both the UK and Ireland, with new stores opening very year (www.cardfactory.co.uk).
(2) The tenant is paying half rent until 02/06/2022, after which the rent will rise to £31,500 pa. The Seller has agreed to make an allowance from completion of the sale until the expiry of the concessionary rental period-please see Special Conditions of Sale.
(3) The MERKUR Casino UK group operates a number of venues throughout the UK with over 180 Adult Gaming Centres under the MERKUR Slots and MERKUR Cashino brands, 3 Family Entertainment Centres, 3 Bingo clubs and 24 tanning salons (www.merkurcasinouk.com/about).
(4) The lease is subject to a tenant option to determine on 28/02/2026 and 28/02/2031. The tenant is paying a peppercorn rent until 14/01/2022, after which the rent will rise to £30,000 pa. The Seller has agreed to make an allowance from completion of the sale until the expiry of the concessionary rental period-please see Special Conditions of Sale.
(5) For the year ending 27/03/2021, Heron Foods Limited reported a turnover of £434,592,000, pre-tax profits of £11,863,000 and total shareholders equity of £64,886,000 (NorthRow 08/11/2021).
(6) The tenant is currently paying £19,800 per annum for the first year of the term, which means that from the 4th April 2022 the rent will increase to £47,500 per annum. The Seller has agreed to make an allowance from completion of the sale until the expiry of the concessionary rental period-please see Special Conditions of Sale.

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.

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
    23.11.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    23.11.21
    File Size
    875 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 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 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
BSG Solicitors 314 Regents Park Road, Finchley
London
N3 2JX
Jeremy Swerner 020 8343 4411jeremy@bsgsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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