Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
36 miles north-east of Nottingham, 40 miles south-east of Sheffield
Roads
A1(M), A15, A46
Rail
Lincoln Central Station
Air
East Midlands Airport
Situation
The property is situated in an excellent trading location on the eastern side of the pedestrianised High Street close to Guildhall Street and Saltergate. The property is immediately opposite House of Fraser Department Store, with other nearby occupiers including Carluccio’s, Primark, Marks & Spencer and Waterstones.
Tenure
Freehold.
Location
Miles
36 miles north-east of Nottingham, 40 miles south-east of Sheffield
Roads
A1(M), A15, A46
Rail
Lincoln Central Station
Air
East Midlands Airport
Situation
The property is situated in an excellent trading location on the eastern side of the pedestrianised High Street close to Guildhall Street and Saltergate. The property is immediately opposite House of Fraser Department Store, with other nearby occupiers including Carluccio’s, Primark, Marks & Spencer and Waterstones.
Tenure
Freehold.
Description
The property comprises a coffee shop on the ground, lower ground and basement floors with self-contained accommodation on the first, second and third floors, accessed from the side.
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 coffee shop on the ground, lower ground and basement floors with self-contained accommodation on the first, second and third floors, accessed from the side.
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.
Review
Basement Lower Ground Ground
Ancillary Ancillary Retail/Ancillary
81.48 sq m 10.66 sq m 144.75 sq m
(877 sq ft) (115 sq ft) (1,558 sq ft)
NERO HOLDINGS LIMITED(1) (t/a Caffè Nero)
15 years from 19/11/2007 until 18/11/2022 on a full repairing and insuring lease
£73,500
19/11/2017
First Second Third
Commercial Commercial Former Flat
122.86 sq m 68.32 sq m 69.62 sq m
(1,322 sq ft) (735 sq ft) (749 sq ft)
VACANT POSSESSION
-
-
-
Totals
497.69 sq m
(5,356 sq ft)
£73,500
(1) For the year ending 31st May 2014, Nero Holdings Limited reported a turnover of £215,496,000, pre-tax profits of £22,538,000 and a total net worth of £144,677,000 (Source: Experian Group 11/11/2015).