23 Gallowtree Gate Leicester Leicestershire LE1 5AD

23 Gallowtree Gate
Leicester
Leicestershire
LE1 5AD

Freehold Retail Investment

Let to Hutchison 3G UK Limited
Busy pedestrianised location in Major Regional University City
Close to the major 120 unit Highcross Shopping Centre
Nearby occupiers include Marks & Spencer, Boots the Chemist, Pret A Manger and H Samuel
Producing £65,000 p.a.x. (2)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
47
Auction
22nd October 2015
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£620,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Hutchison 3G UK Limited
Busy pedestrianised location in Major Regional University City
Close to the major 120 unit Highcross Shopping Centre
Nearby occupiers include Marks & Spencer, Boots the Chemist, Pret A Manger and H Samuel
Producing £65,000 p.a.x. (2)
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 47
Auction 22nd October 2015
Rent £65,000 per Annum Exclusive
Status Sold
Price £620,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 45 miles north-east of Birmingham, 30 miles south of Nottingham, 20 miles north-east of Coventry
Roads: A6, A47, A563, M1
Rail: Leicester Railway Station
Air: East Midlands Airport

Situation

The property is situated in the heart of Leicester City Centre on the western side of the busy and pedestrianised Gallowtree Gate and approximately 75m south of the Clocktower and the major 120 unit
Highcross Shopping Centre, whose anchor tenants include John
Lewis, Debenhams and House of Fraser, and the Haymarket
Shopping Centre. Neighbouring occupiers include Marks & Spencer,
Boots the Chemist, Pret A Manger and H Samuel.

Tenure

Freehold.

Location

Miles: 45 miles north-east of Birmingham, 30 miles south of Nottingham, 20 miles north-east of Coventry
Roads: A6, A47, A563, M1
Rail: Leicester Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with ancillary accommodation on the basement and first to third floors. The property benefits from access to the rear from Morley Arcade.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reversion
Ground Basement First Second Third	Retail Ancillary Ancillary Ancillary Ancillary	43.09 sq m 36.03 sq m 37.43 sq m 35.52 sq m 30.00 sq m	(464 sq ft) (387 sq ft) (403 sq ft) (382 sq ft) (323 sq ft)	HUTCHISON 3G UK LIMITED (1)	10 years from 22/05/2009 on a full repairing and insuring lease	£65,000	21/05/2019
Totals		182.07 sq m	(1,959 sq ft)			£65,000

(1) Three mobile is part of the multinational giant Hutchison Whampoa Limited (HWL). HWL is among the largest companies listed on the main board of the Hong Kong Stock Exchange, employing over 280,000 people in over 50 countries across the world within six core businesses. (Source: www.hutchison-whampoa.com).
(2) The lease provides for a tenant option to determine the lease on 21/05/2014 on giving 6 months’ prior written notice. The tenant has NOT exercised this break option and the notice period has now expired.