Let to Blacks Outdoor Retail Limited (a part of JD Sports Fashion Plc)
New 5 year lease renewal from June 2021 (subject to option)
Re-based rent
Central High Street location in popular tourist resort
Close to Wharfside Shopping Centre with other nearby occupiers including Tesco Express, Co-op Food, Sports Direct, JD Wetherspoon, Superdrug and Boots the Chemist.
Let to Blacks Outdoor Retail Limited (a part of JD Sports Fashion Plc)
New 5 year lease renewal from June 2021 (subject to option)
Re-based rent
Central High Street location in popular tourist resort
Close to Wharfside Shopping Centre with other nearby occupiers including Tesco Express, Co-op Food, Sports Direct, JD Wetherspoon, Superdrug and Boots the Chemist.
Lot 28
Auction 12th July 2022
Rent
Status Sold
Price £320,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
33 miles south-west of Newquay, 75 miles south-west of Plymouth
Roads
A30, A3071, A394
Rail
Penzance Railway Station
Situation
The property is situated in the popular tourist resort of Penzance, on the western side of the principal retailing pitch of Market Jew Street, and 300 metres from Penzance Railway Station. The property is located a short distance from the Wharfside Shopping Centre, which includes retailers such as Costa, Iceland and numerous independent retailers. Other nearby occupiers include Tesco Express, Co-op Food, Sports Direct, JD Wetherspoon, Superdrug and Boots the Chemist.
Tenure
Freehold.
Location
Miles
33 miles south-west of Newquay, 75 miles south-west of Plymouth
Roads
A30, A3071, A394
Rail
Penzance Railway Station
Situation
The property is situated in the popular tourist resort of Penzance, on the western side of the principal retailing pitch of Market Jew Street, and 300 metres from Penzance Railway Station. The property is located a short distance from the Wharfside Shopping Centre, which includes retailers such as Costa, Iceland and numerous independent retailers. Other nearby occupiers include Tesco Express, Co-op Food, Sports Direct, JD Wetherspoon, Superdrug and Boots the Chemist.
Tenure
Freehold.
Description
The property comprises a shop arranged on the ground floor with ancillary accommodation arranged on the first, second and third floors. The property benefits from a loading bay at the rear.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a shop arranged on the ground floor with ancillary accommodation arranged on the first, second and third floors. The property benefits from a loading bay at the rear.
VAT
VAT is applicable to this lot.
Completion Period
6 week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Ground First Second Third
Retail/Ancillary Ancillary Ancillary Ancillary
183.86 167.41 60.85 48.03
(1,979) (1,802) (655) (517)
BLACKS OUTDOOR RETAIL LIMITED (1) (t/a Millets)
5 years from 24/06/2021 (2) on a full repairing and insuring lease
£25,000
Total
460.15
(4,953)
£25,000
(1) Blacks Outdoor Retail Limited are a wholly owned subsidiary of JD Sports Fashion Plc (www.millets.co.uk) (2) The lease benefits from a tenant only option to break in year 3, subject to 6 months' notice. The tenant will be liable for a break penalty of £12,500 plus VAT if they exercise their break.
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.