10 Market Place Southwold Suffolk IP18 6EE

10 Market Place
Southwold
Suffolk
IP18 6EE

Freehold Retail Investment in Prosperous Seaside Town

Let to W H Smith Retail Holdings Ltd on a new 10 year 3 month lease until 2022
Attractive well configured unit in Prime Town Centre location
Nearby occupiers include Tesco’s, Co-op and Lloyds Bank
Six Week Completion Period Available

Lot
8
Auction
23rd February 2012
Rent
£60,195 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Gentian Partnerships

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Freehold Retail Investment in Prosperous Seaside Town

Let to W H Smith Retail Holdings Ltd on a new 10 year 3 month lease until 2022
Attractive well configured unit in Prime Town Centre location
Nearby occupiers include Tesco’s, Co-op and Lloyds Bank
Six Week Completion Period Available

Lot 8
Auction 23rd February 2012
Rent £60,195 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP
On Behalf of Gentian Partnerships

Property Information

Location

Miles: 12 miles from Darsham, 32 miles south east of Norwich, 35 miles north east of Ipswich
Roads: A12, A146,
Rail: Darsham Rail, Ipswich Rail (direct to London Liverpoo; Street)
Air: Norwich Airport

Situation

The property occupies a prime position on the town main retail thoroughfare at the centre of Market Square and the start of East Street, leading to the sea front. The property benefits from nearby occupiers including Tesco's, Co-op and Lloyds Bank.

Tenure

Freehold.

Location

Miles: 12 miles from Darsham, 32 miles south east of Norwich, 35 miles north east of Ipswich
Roads: A12, A146,
Rail: Darsham Rail, Ipswich Rail (direct to London Liverpoo; Street)
Air: Norwich Airport

Situation

Tenure

Freehold.

Description

The property, a Grade II Listed building, comprises a double fronted retail unit on the ground floor, basement ancillary accommodation and self-contained residential accommodation over first and second floors, comprising 11 rooms, kitchen and two bathrooms. To the rear of the property is one car parking space.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Ground Basement	Retail Ancillary Storage	142.50 sq m 7.53 sq m 79.15 sq m	(1,534 sq ft) (81 sq ft) (852 sq ft)	W H SMITH RETAIL HOLDINGS LTD	10 years and 3 months from 18/01/2012 until 17/04/2022	£60,000	17/01/2017
First Second	Residential	Not measured	Not measured	INDIVIDUAL	999 years from 21/09/2011	£195	21/09/2036 and every 25 years thereafter (2)
Totals		229.18 sq m	(2,467 sq ft)			£60,195

1) For the year ending 31/08/2011 W H Smith Retail Holdings Ltd reported a Turnover of £180,189,000, a Pre Tax Profit of £180,646,000 and a Total Net Worth of £442,012,000. Source www.riskdisk.co.uk (18/01/2012)