67 / 67a Hamilton Road Felixstowe Suffolk IP11 7BE

67 / 67a Hamilton Road
Felixstowe
Suffolk
IP11 7BE

Freehold Retail and Residential Investment

Shop with self-contained maisonette above
Majority let to CEX (Franchising) Ltd on a new 10 year lease from July 2016 (no breaks)
Re-based shop rent
Nearby occupiers include Marks & Spencer, WH Smith, Caffè Nero, Iceland, Boots the Chemist and Peacocks
Popular Suffolk market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
70
Auction
30th March 2017
Rent
£24,800 per Annum Exclusive
Status
Sold
Price
£325,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail and Residential Investment

Shop with self-contained maisonette above
Majority let to CEX (Franchising) Ltd on a new 10 year lease from July 2016 (no breaks)
Re-based shop rent
Nearby occupiers include Marks & Spencer, WH Smith, Caffè Nero, Iceland, Boots the Chemist and Peacocks
Popular Suffolk market town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 70
Auction 30th March 2017
Rent £24,800 per Annum Exclusive
Status Sold
Price £325,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads: A12, A14
Rail: Felixstowe Railway Station
Air: London Stansted Airport

Situation

The property is located in a prime position on the western side of the pedestrianised Hamilton Road, in the heart of Felixstowe town centre. Other nearby occupiers include Marks & Spencer, Boots the Chemist, Superdrug, Iceland, Peacocks, New Look, Burton and Savers.

Tenure

Freehold.

Location

Miles: 12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads: A12, A14
Rail: Felixstowe Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with self contained residential accommodation on the first and second floors. The property also benefits from car parking to the rear for 3 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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

Description

The property comprises a ground floor shop with self contained residential accommodation on the first and second floors. The property also benefits from car parking to the rear for 3 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

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
Ground	Retail/Ancillary	80.00 sq m	(861 sq ft)	CEX (FRANCHISING) LIMITED (1)	10 years from 08/07/2016 until 07/07/2026	£18,500	08/07/2021
First/Second	Residential comprising 2 Bedrooms, Kitchen and Bathroom	-	(-)	AN INDIVIDUAL	AST for 6 months from 11/02/2017 at £525 pcm	£6,300 (2)
Total Commercial Area		80.00 sq m	(861 sq ft)			£24,800

(1) For the year ending 30th June 2015, CEX (Franchising) Limited reported a turnover of £19,566,107, pre-tax profits of £1,904,998 and a total net worth of £6,339,841 (Source: Experian Group 21/02/2017). CEX was founded in London in 1992 and trades from 358 branches in the UK, with other branches in Spain, USA, Ireland, India, Australia, Portugal, Netherlands, Mexico and Poland (Source: www.webuy.com 22/02/2017). The property has recently been sublet to a franchisee.
(2) Annual equivalent rent.