Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated on High Street close to its junction with Ironmarket and close to The Roebuck Shopping Centre. Neighbouring occupiers include Vue Cinema, JD Sports, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.
Freehold.
The property is prominently situated on High Street close to its junction with Ironmarket and close to The Roebuck Shopping Centre. Neighbouring occupiers include Vue Cinema, JD Sports, Holland & Barrett, Boots the Chemist, Iceland and McDonald's.
Freehold.
The property comprises two shops each arranged on the ground and first/second floors.
VAT is applicable to this lot.
Six Week Completion
See Legal Pack
The property comprises two shops each arranged on the ground and first/second floors.
VAT is applicable to this lot.
Six Week Completion
See Legal Pack
| Floor | Use | Floor Areas Approx sq m (1) |
Floor Areas Approx sq ft (1) |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground First/Second |
Retail Ancillary |
293.95 275.42 |
(3,164) (2,965) |
SENSE, THE NATIONAL DEAFBLIND AND RUBELLA ASSOCIATION (t/a SENSE) (2) | 10 years from 13/01/2022 (3) | £15,000 |
13/01/2027 to RPI |
| Ground First/Second |
Retail Ancillary |
299.00 181.70 |
(3,218) (1,956) |
SUPERDRUG STORES PLC(t/a Superdrug) (4) | 5 years from 19/08/2022 (5) | £20,000 (5) |
- |
| Total | 1,050.07 |
(11,303) |
£35,000 |
(1) Areas provided by VOA (www.gov.uk/business-rates)
(2) Sense, The National Deafblind and Rubella Association, operate in over 100 stores across the UK (www.sense.org.uk)
(3) The lease is subject to a tenant only option to determine on 12/01/2027.
(4) Superdrug Stores plc operate in over 750 stores across the UK (www.superdrug.com)
(5) The current rent reserved under the terms of the lease is £10,000 per annum rising to £20,000 per annum on 19/08/2023. The seller will pay the Buyer the difference between the current rent reserved and £20,000 per annum from completion of the sale until 19/08/2023. The lease is subject to a tenant only option to determine on 18/08/2025. If the tenant exercises their break option, the tenant must pay £5,000 as a break notice fee.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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