Let to Beaconsfield Footwear Limited (t/a Hotter Shoes)
2017 tenant break option removed
Re-based rent
Nearby retailers include Marks & Spencer, Sports Direct, WH Smith, Lakeland, Starbucks and Costa
Prominent pedestrianised City Centre location opposite Maylord Shopping Centre
Lot 65
Auction 19th October 2017
Rent £42,000 per Annum Exclusive
Status Sold
Price £484,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
25 miles south-west of Worcester, 65 miles south-west of Birmingham
Roads
A49, A438, M5, M50
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation
The property is situated in a highly prominent location on the southern side of the pedestrianised section of Commercial Street, close to its junction with High Town and St Peter’s Street and directly opposite the main entrance to The Maylord Shopping Centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Costa, Starbucks, Waterstones and Lakeland.
Tenure
Freehold.
Location
Miles
25 miles south-west of Worcester, 65 miles south-west of Birmingham
Roads
A49, A438, M5, M50
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation
The property is situated in a highly prominent location on the southern side of the pedestrianised section of Commercial Street, close to its junction with High Town and St Peter’s Street and directly opposite the main entrance to The Maylord Shopping Centre. Nearby occupiers include Marks & Spencer, Boots the Chemist, WH Smith, Costa, Starbucks, Waterstones and Lakeland.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
10 years from 09/10/2012 until 08/10/2022 on a full repairing and insuring lease
£42,000
Total
139.34 sq m
(1,500 sq ft)
£42,000
(1) Founded in 1959, Hotter Shoes are now the largest shoes manufacturer in the UK, producing 2.2 million pairs of shoes last year and operating from about 85 stores nationwide. For the year ending 31st January 2016, Beaconsfield Footwear Limited reported a turnover of £101,330,000, pre-tax profits of £3,425,000 and a total net worth of £33,508,000 (Sources: www.hotter.com and Experian Group 18/09/2017).
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