Freehold Retail Investment
Freehold Retail Investment
The property is situated in the town centre, some 150 metres from Boston Station. Boston acts as the principle retail centre for the region. Nearby occupiers include the West End Cinema, Blockbuster, Video, Corals and The Post Office.
Freehold.
The property is situated in the town centre, some 150 metres from Boston Station. Boston acts as the principle retail centre for the region. Nearby occupiers include the West End Cinema, Blockbuster, Video, Corals and The Post Office.
Freehold.
The property comprises ground retail unit with two upper floors of
ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises ground retail unit with two upper floors of
ancillary accommodation.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Ground Ground First Floor Second Floor |
Retail Staff Area and Ancillary Storage Ancillary Ancillary |
72.02 sq m 31.50 sq m 18.00 sq m 13.50 sq m |
(775 sq ft) (339 sq ft) (194 sq ft) (145 sq ft) |
THOMAS COOK TRAVELLTD guaranteed by ThomasCook Group UK Ltd(t/a The Co-operativeTravel) (1) | 10 years from 01/10/2011 until 2021 on a full repairing and insuring lease (2) (3) (4) |
£8,800 |
01/10/2016 |
| Ground Floor Totals | 135.02 sq m |
(1,453 sq ft) |
£8,800 | ||||
1) For the year ending 30th September 2010 Thomas Cook Group UK Limited reported a total net worth of £718,887,000. (Source: www.riskdisk.com 18/04/2012)
(2) The lease provides for a tenant’s option to determine on the 1st October 2016.
(3) The lease is subject to a Schedule of Condition.
(4) On 4th October 2011 Thomas Cook Group, The Co-Operative Travel and Midlands Co-Operative established a joint venture to combine their UK High Street travel and foreign exchange businesses, creating the UK’s largest travel retailer with around 1,200 branches across England, Scotland, Wales and Northern Ireland.
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