Prime Retail Investment
Prime Retail Investment
Newmarket is a wealthy and popular market town internationally renowned for its horse racing industry. The property is situated in a strong trading position on the northern side of High Street, Newmarket's main retail thoroughfare. Nearby occupiers include W H Smith, Boots the Chemist, Santander, KFC, Currys Digital and Pizza Express.
Freehold. NB: A small part of the upper floors are excluded from the title The seller has the benefit of an indemnity policy, a copy of which is included in the legal pack
Newmarket is a wealthy and popular market town internationally renowned for its horse racing industry. The property is situated in a strong trading position on the northern side of High Street, Newmarket's main retail thoroughfare. Nearby occupiers include W H Smith, Boots the Chemist, Santander, KFC, Currys Digital and Pizza Express.
Freehold. NB: A small part of the upper floors are excluded from the title The seller has the benefit of an indemnity policy, a copy of which is included in the legal pack
The property is a substantial building comprising two adjoining self-contained retail units on the ground floor, with ancillary accommodation on the first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property is a substantial building comprising two adjoining self-contained retail units on the ground floor, with ancillary accommodation on the first floor.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| 112 – Ground 112 – First |
Retail Ancillary |
154.12 sq m |
(1,659 sq ft) |
THE EDINBURGH WOOLLEN MILL LIMITED (1) |
25 years from 28/08/1992 | £52,500 | 28/08/2012 |
| 114 – Ground 114 – First |
Retail Ancillary |
230.86 sq m |
(2,485 sq ft) |
NEW LOOK RETAILERS LIMITED (2) |
25 years from 29/09/1992 | £69,300 | 29/09/2012 |
| Totals | 708.65 sq |
(7,628 sq ft) |
£121,800 | ||||
(1) For the year ending 27th February 2010, Edinburgh Woollen Mill reported a turnover of £156,787,000, pre-tax profits of £22,481,000 and a total net worth of £146,198,000. (Source: www.riskdisk.com 01/03/2011)
(2) For the year ending 27th March 2010, New Look Retailers Ltd reported a turnover of £1,167,055,000, pre-tax profits of £157,951,000 and a total net worth of £798,519,000. (Source: www.riskdisk.com 01/03/2011)
(3) As to 112 High Street, the floor areas have been agreed between the parties
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