37 - 39 Bath Street Ilkeston Derbyshire DE7 8AH

37 - 39 Bath Street
Ilkeston
Derbyshire
DE7 8AH

Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Ltd on a new 5 year lease guaranteed by Redcastle Limited
Prominent position in pedestrianised retail district
Located opposite to the Albion Shopping Centre
Nearby occupiers include NatWest, Greggs, Holland & Barrett and Boots
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
65
Auction
22nd October 2015
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£360,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint Fixed Charge Receivers

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Freehold Retail Investment

Let to Burton/Dorothy Perkins Properties Ltd on a new 5 year lease guaranteed by Redcastle Limited
Prominent position in pedestrianised retail district
Located opposite to the Albion Shopping Centre
Nearby occupiers include NatWest, Greggs, Holland & Barrett and Boots
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 65
Auction 22nd October 2015
Rent £30,000 per Annum Exclusive
Status Sold
Price £360,000
Sector
High Street Retail
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of Joint Fixed Charge Receivers

Property Information

Location

Miles: 7 miles west of Nottingham, 29 miles north of Leicester, 50 miles north-east of Birmingham
Roads: A610, A52, M1
Rail: Ilkeston Railway Station
Air: Birmingham Airport

Situation

The property is situated in a prime pitch on the southern side of the pedestrianised High Street, in Ilkeston town centre. The Albion Shopping Centre lies directly opposite and houses retailers such as Superdrug, Costa Coffee, B&M Bargains and Savers. Other nearby occupiers include NatWest, Greggs, Holland & Barrett and Boots.

Tenure

Freehold.

Location

Miles: 7 miles west of Nottingham, 29 miles north of Leicester, 50 miles north-east of Birmingham
Roads: A610, A52, M1
Rail: Ilkeston Railway Station
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor ancillary accommodation.

Six Week Completion

Note
This property is being marketed for sale on behalf of Joint Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability

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 First	Retail Ancillary	200.11 sq m 130.20 sq m	(2,135 sq ft) (1,401 sq ft))	BURTON/DOROTHY PERKINS PROPERTIES LIMITED (1) GUARANTEED BY REDCASTLE LIMITED	5 years from 23/06/2015 on a full repairing and insuring lease (2)	£30,000	22/06/2020
Totals		330.13 sq m	(3,536 sq ft)			£30,000

(1) Dorothy Perkins is one of the biggest UK fashion retailers with around 600 UK stores and 124 international outlets. (Source: www.dorothyperkins.com 16/09/2015)
(2)The lease provides a tenant’s option to determine on 23/06/2018.