47 / 51 Hamilton Road Felixstowe Suffolk IP11 7BB

47 / 51 Hamilton Road
Felixstowe
Suffolk
IP11 7BB

Freehold Retail Investment

Let to Peacocks Stores Limited
Lease expires in September 2022
Large double-fronted shop comprising approximately 8,090 sq ft
Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
Popular Suffolk coastal resort and substantial port

Lot
55
Auction
19th October 2017
Rent
£132,500 per Annum Exclusive
Status
Sold
Price
£1,800,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to Peacocks Stores Limited
Lease expires in September 2022
Large double-fronted shop comprising approximately 8,090 sq ft
Prime pedestrianised location close to Marks & Spencer, Boots the Chemist, Superdrug and Caffè Nero
Popular Suffolk coastal resort and substantial port

Lot 55
Auction 19th October 2017
Rent £132,500 per Annum Exclusive
Status Sold
Price £1,800,000
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, Costa Coffee, Greggs, Caffè Nero 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, which was comprehensively refurbished in 2009, comprises a ground floor shop with ancillary accommodation on the first floor. The property benefits from two car parking spaces and a gated yard to the rear.

VAT

VAT is applicable to this lot.

EPC

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

Description

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 First	Retail Ancillary	470.28 sq m 281.31 sq m	(5,062 sq ft) (3,028 sq ft)	PEACOCKS STORES LIMITED (1)	13 years from 02/09/2009 until 01/09/2022 on a full repairing and insuring lease	£132,500	01/09/2019
Totals		751.59 sq m	(8,090 sq ft)			£132,500

(1) For the year ending 27th February 2016, Peacocks Stores Limited reported a turnover of £369,711,000, a pre-tax profit of £67,879,000 and a total net worth of £141,072,000 (Source: Experian Group 07/09/2017). Peacocks trade from some 450 stores and are a part of the Edinburgh Woollen Mill Group which includes brands such as Edinburgh Woollen Mill, Jane Norman and Ponden Home (Source: www.peacockscorporate.co.uk 07/09/2017).