Town Centre Retail Investment
Town Centre Retail Investment
The property is situated on the pedestrianised Institute Lane, forming the town centre's main retailing provision along with High Street. Nearby occupiers include Card Factory, Boots and Greggs.
Virtual Freehold. Held on a lease for a term of 999 years from 20th July 2012 at a peppercorn rent.
The property is situated on the pedestrianised Institute Lane, forming the town centre's main retailing provision along with High Street. Nearby occupiers include Card Factory, Boots and Greggs.
Virtual Freehold. Held on a lease for a term of 999 years from 20th July 2012 at a peppercorn rent.
The property comprises a ground floor lock-up shop forming part of a larger building.
VAT is applicable to this lot.
C73
The property comprises a ground floor lock-up shop forming part of a larger building.
VAT is applicable to this lot.
C73
| Floor | Use | Floor Areas Approx. sq. m. |
Floor Areas Approx. (sq. ft.) |
Tenant | Term | Rent p.a.x. |
|---|---|---|---|---|---|---|
| Ground | Retail | 62.80 |
(676) |
THE AIR AMBULANCE SERVICE (1) | 5 years from 08/08/2024 (2) | £10,000 (3) |
| Total | 62.80 (4) |
(676) (4) |
£10,000 |
(1) The Air Ambulance Service (Charity Number:1098874) has over 50 stores, including four Superstores, with further expansion beyond this year. Founded in 2002, they provide air ambulance services to the regions of Warwickshire, Northamptonshire, Derbyshire, Leicestershire and Rutland. (www.theairambulanceservice.org.uk)
(2) The lease provides for a tenant option to break on 08/08/2027.
(3) The lease provides for a fixed rental uplift to £11,000 p.a. from 08/08/2026.
(4) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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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