Freehold Retail Investment
Freehold Retail Investment
The property is prominently situated in the centre of Bolsover on the north side of Town End Road, opposite the junction with Market Place, the town's prime retail thoroughfare. Nearby occupiers include TSB Bank, Co-operative Food and a number of independent retailer
Freehold.
The property is prominently situated in the centre of Bolsover on the north side of Town End Road, opposite the junction with Market Place, the town's prime retail thoroughfare. Nearby occupiers include TSB Bank, Co-operative Food and a number of independent retailer
Freehold.
The property comprises three retail units. Unit 16 comprises a substantial detached and modern ground floor retail building benefitting from a rear service yard. Units 10 and 12 comprise retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises three retail units. Unit 16 comprises a substantial detached and modern ground floor retail building benefitting from a rear service yard. Units 10 and 12 comprise retail accommodation on the ground floor and ancillary accommodation on the first floor.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reversion | |
|---|---|---|---|---|---|---|---|---|
| 16 | Ground | Retail | 1,314.3 sq m |
(14,147 sq ft) |
THE FACTORY SHOP LIMITED (1) |
15 years from 19/04/2010 |
£69,129 | 18/04/2025 |
| 12 | Ground First |
Retail Ancillary |
83.8 sq m 83.2 sq m |
(902 sq ft) (896 sq ft) |
DONE BROTHERS (CASH BETTING) LIMITED (2) |
10 years from 12/09/2017 |
£13,250 | 11/09/2027 (3) |
| 10 | Ground First |
Restaurant Ancillary |
84.7 sq m 87.5 sq m |
(912 sq ft) (941 sq ft) |
INDIVIDUAL t/a Bolsover Express Takeaway |
20 years from 04/08/2000 |
£15,149 | 03/08/2020 |
| Totals | 1,653.5 sq m |
(17,798 sq ft) |
£97,528 | |||||
(1) For the year ending 27th March 2016, The Factory Shop Limited reported a turnover of £184,496,000, a pre-tax profit of £6,015,000 and a total net worth of £48,706,000 (Source: Experian Group 7/11/2017).
(2) For the year ending 25th September 2016, Done Brothers (Cash Betting) Limited reported a turnover of £320,065,000, a pre-tax profit of £29,293,000 and a total net worth of £23,115,000 (Source: Experian Group 9/11/2017).
(3) As to unit 12, the lease provides for a tenant option to determine the lease on 11/09/2022 subject to 6 months’ written notice.
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