45 - 45a Hamilton Road Felixstowe Suffolk IP11 7BB

45 - 45a Hamilton Road
Felixstowe
Suffolk
IP11 7BB

Freehold Retail Investment

Let to New Look Retailers Limited with guarantee
Lease expires in October 2023 (No Breaks)
Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
Popular Suffolk Market Town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
19
Auction
25th May 2017
Rent
£57,500 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to New Look Retailers Limited with guarantee
Lease expires in October 2023 (No Breaks)
Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
Popular Suffolk Market Town
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 19
Auction 25th May 2017
Rent £57,500 per Annum Exclusive
Status Withdrawn Post
Price
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, 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 offices/ ancillary accommodation on the first floor. The property benefits from access to the rear.

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 offices/ ancillary accommodation on the first floor. The property benefits from access to the rear.

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/(Reversion)
Ground First	Retail/Ancillary Offices/Ancillary	139.82 sq m 57.60 sq m	(1,505 sq ft) (620 sq ft)	NEW LOOK RETAILERS LIMITED (1) WITH A GUARANTEE FROM NEW LOOK LIMITED (2)	15 years from 28/10/2008 on a full repairing and insuring lease	£57,500	28/10/2018 (27/10/2023)
Totals		197.42 sq m	(2,125 sq ft)			£57,500

(1) For the year ending 26th March 2016, New Look Retailers Limited reported a turnover of £1,398,502,000, pre-tax profits of £178,532,000 and a total net worth of £323,253,000. New Look are one of the UK's strongest fashion retailers and now trade from some 575 stores in the UK with 1150 worldwide (Sources: Experian Group and www.newlook.com 26/04/2017).
(2) For the year ending 26th March 2016, New Look Limited reported pre-tax profits of £103,501,000 and a total net worth of £103,398,000 (Source: Experian Group 26/04/2017).