Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
15 miles south of Leicester, 16 miles east of Coventry, 10 miles north of Rugby
Roads
A4303, A3, M1 (Junction 20)
Rail
Rugby Rail
Air
Birmingham International Airport and East Midlands Airport
Situation
The property is situated in a prominent corner location at the junction of Linden Drive and Maple Drive, in the affluent Leicestershire town of Lutterworth. The property forms part of a larger parade of shops and benefits from an approximate site area of 0.344 hectares (0.85 acres) providing on-site parking for some 16 cars.
Tenure
Freehold.
Location
Miles
15 miles south of Leicester, 16 miles east of Coventry, 10 miles north of Rugby
Roads
A4303, A3, M1 (Junction 20)
Rail
Rugby Rail
Air
Birmingham International Airport and East Midlands Airport
Situation
The property is situated in a prominent corner location at the junction of Linden Drive and Maple Drive, in the affluent Leicestershire town of Lutterworth. The property forms part of a larger parade of shops and benefits from an approximate site area of 0.344 hectares (0.85 acres) providing on-site parking for some 16 cars.
Tenure
Freehold.
Description
The property comprises a standalone supermarket on the ground floor with first floor ancillary accommodation.
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
The property comprises a standalone supermarket on the ground floor with first floor ancillary accommodation.
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.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground First
Retail Ancillary
314.10 sq m 91.97 sq m
(3,381 sq ft) (990 sq ft)
CENTRAL ENGLAND COOPERATIVE LTD (1) (t/a The Co-operative Food) (2)
15 years from 06/10/2014 until 05/10/2029 on a full repairing and insuring lease
£56,200
05/10/2019 and 05/10/2024
Totals
439.52 sq m
(4,371 sq ft)
£56,200
(1) For the year ending January 2015, Central England Co-operative Ltd reported a turnover of £833,170,000, pre-tax profits of £5,911,000 and a total net worth of £135,284,000. (Source: www.riskdisk.com 15/09/2015) (2)The Co-operative Group is the UK’s fifth biggest food retailer operating across the country with almost 2,800 local, convenience and medium size stores. (Source: www.co-operative.com 15/09/2015)
Contacts
Seller's Solicitors
Rooks Rider Challoner House, 19 Clerkenwell Close London EC1R 0RR 0207 689 7001
