New 10 year lease let to LPT Sports Limited t/a Runnersworld (subject to option)
Modern Retail Unit fronting Victoria Road
Close proximity to Chelmsford High Street, Mainline Railway Station, Bus Station and Anglia Ruskin University
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 51
Auction 25th May 2017
Rent £19,000 per Annum Exclusive
Status Sold
Price £205,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of a Major Asset Manager
Property Information
Location
Miles
37 miles north-east of London, 24 miles south-west of Colchester
Roads
A12, M25 (Junction 28), M11 (Junction 7)
Rail
Chelmsford Rail (35 minutes to Liverpool Street)
Air
Stansted Airport
Situation
The property is situated on the northern side of the Victoria Road A1099 ring road, close to its junction with New Street which links Anglia Ruskin University to the north and the town centre to the south. Both the High Street and Chelmsford Railway Station (35 minutes to Liverpool Street) are within a short walk of the property. Nearby occupiers include Bathstore, Chelmsford Police Station and Royal Mail.
Tenure
Long Leasehold. Held from Freehold Portfolio GR Limited from 01/01/2004 until 31/12/2158 at a fixed rent of £242 per annum.
Location
Miles
37 miles north-east of London, 24 miles south-west of Colchester
Roads
A12, M25 (Junction 28), M11 (Junction 7)
Rail
Chelmsford Rail (35 minutes to Liverpool Street)
Air
Stansted Airport
Situation
The property is situated on the northern side of the Victoria Road A1099 ring road, close to its junction with New Street which links Anglia Ruskin University to the north and the town centre to the south. Both the High Street and Chelmsford Railway Station (35 minutes to Liverpool Street) are within a short walk of the property. Nearby occupiers include Bathstore, Chelmsford Police Station and Royal Mail.
Tenure
Long Leasehold. Held from Freehold Portfolio GR Limited from 01/01/2004 until 31/12/2158 at a fixed rent of £242 per annum.
Description
The property comprises a modern ground floor retail unit which forms part of a larger building.
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 modern ground floor retail unit which forms part of a larger building.
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
Ground
Retail
75.72 sq m
(815 sq ft)
LPT SPORTS LIMITED t/a Runnersworld (1)
10 years from 04/04/2017 until 03/04/2027 (2)
£19,000
04/04/2022
75.72 sq m
(815 sq ft)
£19,000
(1) Runnersworld offers a range of running shoes and operates from six branches throughout the UK (Source: www.runnersworld.co.uk 12/03/2016) (2) The lease provides an option to determine on 04/04/2022.
Contacts
Seller's Solicitors
Fladgate LLP 16 Great Queen Street London WC2B 5DG
