112 High Street Huntingdon Cambridgeshire PE29 3LD

112 High Street
Huntingdon
Cambridgeshire
PE29 3LD

Prime Freehold Retail Investment

Let to New Look Retailers Limited
Well configured shop comprising approximately 4,604 sq ft
Prime trading position on pedestrianised High Street between Iceland and Poundland
Attractive and prosperous Cambridgeshire market town

Lot
71
Auction
19th October 2017
Rent
£73,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Prime Freehold Retail Investment

Let to New Look Retailers Limited
Well configured shop comprising approximately 4,604 sq ft
Prime trading position on pedestrianised High Street between Iceland and Poundland
Attractive and prosperous Cambridgeshire market town

Lot 71
Auction 19th October 2017
Rent £73,000 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Status Withdrawn Post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 Peterborough; 24 miles north-west of Cambridge
Roads: A14, A141, A1(M) (Junction 15)
Air: London Luton and Stansted Airports

Situation

The property is situated in a prominent trading position on the northern side of the pedestrianised section of High Street. Iceland and Poundland are adjacent to the property,
with other retailers represented on High Street including Boots the Chemist, Costa and WHSmith, with Waitrose and Wilko also represented in the town.

Tenure

Freehold.

Location

Miles: 12 miles south-east of Peterborough; 24 miles north-west of Cambridge
Roads: A14, A141, A1(M) (Junction 15)
Air: London Luton and Stansted Airports

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation on the first floor. The property benefits from on-site car parking for four cars and is serviced from a large
loading area 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

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
Ground First	Retail/Ancillary Ancillary	279.73 sq m 147.99 sq m	(3,011 sq ft) (1,593 sq ft)	NEW LOOK RETAILERS LIMITED (1)	25 years from 25/07/1996 until 24/07/2021 on a full repairing and insuring lease	£73,000
Totals		427.72 sq m	(4,604 sq ft)			£73,000

(1) For the year ending 25th March 2017, New Look Retailers Limited reported a turnover of £1,324,195,000, pre-tax profits of £84,987,000 and a total net worth of £361,242,000 (Source: Experian Group 07/09/2017).