Let to Somerfield Property Company Limited (now part of The Co-Operative Group)
Neighbouring occupiers include Boots the Chemist, NatWest and Lloyds TSB
Central trading location
Lot 37
Auction 8th July 2010
Rent £85,000 per Annum
Status Withdrawn Post
Price
Sector Supermarket
Auction Venue Millennium Hotel 39-44 Grosvenor Square Mayfair London W1K 2HP
Property Information
Location
Estimated District Population
25,000
Miles
9 miles north-east of Derby
10 miles north-west of Nottingham
Roads
M1, A38, A610
Rail
Langley Mill Rail
Air
Birmingham International Airport & Manchester International Airport
Situation
The property is centrally situated in a good trading location on the north side of the busy Market Street which is the principal shopping street in the town. Nearby occupiers include Boots the Chemist, NatWest and Lloyds TSB.
Tenure
Freehold.
Location
Estimated District Population
25,000
Miles
9 miles north-east of Derby
10 miles north-west of Nottingham
Roads
M1, A38, A610
Rail
Langley Mill Rail
Air
Birmingham International Airport & Manchester International Airport
Situation
The property is centrally situated in a good trading location on the north side of the busy Market Street which is the principal shopping street in the town. Nearby occupiers include Boots the Chemist, NatWest and Lloyds TSB.
Tenure
Freehold.
Description
The property comprises a PURPOSE BUILT SUPERMARKET on lower ground and ground floors together with a THREE BEDROOM FLAT on the first floor. There is pedestrian and service access to the rear of the building adjacent to a large public car park.
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 a PURPOSE BUILT SUPERMARKET on lower ground and ground floors together with a THREE BEDROOM FLAT on the first floor. There is pedestrian and service access to the rear of the building adjacent to a large public car park.
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
Gross Frontage Net Frontage Shop Depth Basement Ground First (Front) First (Rear)
SOMERFIELD PROPERTY COMPANY LIMITED (1) (now part of The Co-Operative Group)
35 years from 07/12/1980 on a full repairing and insuring lease
£85,000
07/12/2015
Totals
1,489.62 sq m
(16,034 sq ft) (2)
£85,000
(1) For the year ending 02/05/2009 Somerfield Property Company Limited reported a turnover of 43,739,000, a pre-tax profit of 84,272,000 and a net worth of 462,110,000. (Source: riskdisk.com 08/06/2010) The Co-Operative Group, the UK's largest mutual retailer, has completed its 1.565bn acquisition of the Somerfield Supermarket chain. (Source: www.co-operative.coop 02/03/2009) (2) The areas for the basement, ground and first floor plant room were utilised by independent expert at a previous rent review.
