Let to Sportswift Limited (t/a Card Factory) until 2029 (Subject to Option)
Comprises a Retail Unit and a Recently Refurbished Separately Accessed 2 Bed Maisonette
Central Location in Historic Market Town
Neighbouring Occupiers Include Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express
Lot 35
Auction 9th May 2024
Rent £39,300 per Annum Exclusive
Status Available
Guide* £375,000
Sector High Street Retail/Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
30miles north of Bristol, 31 miles west of Cheltenham
Roads
A40, A449
Air
Bristol Airport
Situation
Monmouth is a Historic Market Town on the English and Welsh border. The property is located on the north side of High Street with neighbouring occupiers including Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express.
Tenure
Freehold.
Location
Miles
30miles north of Bristol, 31 miles west of Cheltenham
Roads
A40, A449
Air
Bristol Airport
Situation
Monmouth is a Historic Market Town on the English and Welsh border. The property is located on the north side of High Street with neighbouring occupiers including Marks and Spencer, Boots, Costa Coffee, Majestic Wine, Greggs, Superdrug, WH Smith and Pizza Express.
Tenure
Freehold.
Description
The property is a handsome Grade II Listed building comprising retail accommodation on the ground floor and a recently refurbished self contained 2 bedroom maisonette on the upper floors.
Internal photos of the residential property are available upon request.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D
Description
The property is a handsome Grade II Listed building comprising retail accommodation on the ground floor and a recently refurbished self contained 2 bedroom maisonette on the upper floors.
Internal photos of the residential property are available upon request.
Occupation Contract 6 months from 04/05/2023 (Holding Over)
£9,300 (4)
-
Total Approximate Commercial Floor Area
110.03
(1,184)
£39,300
(1) The floor areas stated above are those published by the Valuation Office Agency (2) For the year ended 31st January 2023, Sportswift Limited reported a turnover of £446,128,000, a pre-tax profit of £62,118,000 and a shareholders funds of £115,863,000 (Source Northrow 28/03/2024) (3) The lease is subject to a tenant option to determine the lease on 13/01/2027. The lease also provides for a rent free period from 14/01/2027 until 13/04/2027 if the tenants option to determine the lease is not exercised. (4) As to the Residential Occupational Tenancy the rent stated above has been Annualised.
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.
