Let to Sue Ryder on a new 10 year lease (no breaks)
Popular and affluent town
Nearby occupiers include Post Office, Lloyds Chemist, Barclays Bank and Nationwide
Six Week Completion Period Availabl
Lot 1
Auction 6th December 2012
Rent £10,000 per Annum Exclusive
Status Sold
Price £166,000
Sector High Street Retail
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
On behalf of Sue Ryder
Property Information
Location
Miles
26 miles north of Norwich 40 miles east of King’s Lynn
Roads
A1082, A148, A149
Rail
Sheringham Rail Station
Air
Stansted Airport, Luton Airport
Situation
Sheringham is an attractive and popular coastal resort town situated on the Norfolk coast. The property is situated in a strong retailing position on west side of the High Street. Nearby occupiers include Post Office, Lloyds Chemist, Barclays and Nationwide.
Tenure
Freehold.
Location
Miles
26 miles north of Norwich 40 miles east of King’s Lynn
Roads
A1082, A148, A149
Rail
Sheringham Rail Station
Air
Stansted Airport, Luton Airport
Situation
Sheringham is an attractive and popular coastal resort town situated on the Norfolk coast. The property is situated in a strong retailing position on west side of the High Street. Nearby occupiers include Post Office, Lloyds Chemist, Barclays and Nationwide.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and ancillary accommodation on the first floor. The property benefits from rear access.
VAT
VAT is not 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 on the ground floor and ancillary accommodation on the first floor. The property benefits from rear access.
VAT
VAT is not 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
Review
Ground
Retail
54.63 sq m
(588 sq ft)
SUE RYDER (1)
10 years from completion until 2023 on a full repairing and insuring lease
£10,000
2018
Totals
54.63 sq m
(588 sq ft)
£10,000
(1) Sue Ryder is a registered national charity providing health and social care services in local communities. Sue Ryder has more than 8,000 volunteers and is supported through fundraising and retail activities via 350+ outlets nationwide. (Source: www.sueryder.org). For the year ending 31st March 2011, Sue Ryder reported a working capital of £12,560,000, a pre-tax profit of £2,153,000 and a total net worth of £45,059,000 (Source: www.riskdisk.com 24/08/2012)
