54 Hamilton Road Felixstowe Suffolk IP11 7AJ

54 Hamilton Road
Felixstowe
Suffolk
IP11 7AJ

Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Limited, guaranteed by Arcadia Group Limited on new lease
Prime location on the principal retailing pedestrianised thoroughfare
Nearby occupiers include W H Smith, Caffe Nero, HSBC, Superdrug and Santander and directly opposite Marks & Spencer
Six Week Completion Available

Lot
3
Auction
10th July 2012
Rent
£40,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Limited, guaranteed by Arcadia Group Limited on new lease
Prime location on the principal retailing pedestrianised thoroughfare
Nearby occupiers include W H Smith, Caffe Nero, HSBC, Superdrug and Santander and directly opposite Marks & Spencer
Six Week Completion Available

Lot 3
Auction 10th July 2012
Rent £40,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 12.1 miles south-east of Ipswich 28.1 miles east of Colchester
Roads: A12, A14
Rail: Felixstowe
Air: London Heathrow Airport, London Stansted Airport

Situation

Felixstowe is a popular Suffolk town benefiting from the UKs largest container terminal and substantial port and dock facilities, consequently there are excellent road communications. The property is located on the east side of the pedestrianised Hamilton Road.

Tenure

Freehold.

Location

Miles: 12.1 miles south-east of Ipswich 28.1 miles east of Colchester
Roads: A12, A14
Rail: Felixstowe
Air: London Heathrow Airport, London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises retail accommodation and ancillary on the ground floor and ancillary accommodation on the first and second floor.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises retail accommodation and ancillary on the ground floor and ancillary accommodation on the first and second floor.

VAT

VAT is 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 First Second	Shop/Office Offices Office	278.07 sq m 43.48 sq m 43.94 sq m	(2,993 sq ft) (468 sq ft) (473 sq ft)	BURTON/DOROTHYPERKINS PROPERTIESLTD guaranteed byArcadia Group Limited	5 years from 23/05/2011	£40,000	22/05/2016
Totals		365.49 sq m	(3,934 sq ft)			£40,000

(1) For the year ending 27th August 2011, Arcadia Group Limited reported a turnover of £139,006,000, a pre-tax profit of £26,006,000 and a total net worth of £1,115,152,000. (Source: www.riskdisk.com 12/06/2012)
(2)The floor areas were agreed at a previous rent review.