Nearby occupiers include Primark, Boots the Chemist, Costa, Caffè Nero, Barclays, NatWest and HSBC banks and Odeon Cinema
VAT-free Investment
Lot 35
Auction 14th February 2018
Rent £48,500 per Annum Exclusive
Status Sold
Price £550,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
12 miles north of Leicester, 5 miles south of Nottingham, 40 miles north-east of Birmingham
Roads
A6, M1 (Junction 23)
Rail
Loughborough Railway Station
Air
East Midlands Airport,
Birmingham Airport
Situation
The property is situated in a prominent position on the west side of pedestrianised Cattlemarket in Loughborough town centre, close to Market Place and some 80 metres south of the Carillon Court Shopping Centre. Nearby occupiers include Primark, Boots the Chemist, Costa, Poundland, Superdrug, Caffè Nero, Greggs and Odeon Cinema. Please note Thomas Cook no longer occupy 32 Cattlemarket. Loughborough Town Hall is located diagonally opposite the property.
Tenure
Freehold.
Location
Miles
12 miles north of Leicester, 5 miles south of Nottingham, 40 miles north-east of Birmingham
Roads
A6, M1 (Junction 23)
Rail
Loughborough Railway Station
Air
East Midlands Airport,
Birmingham Airport
Situation
The property is situated in a prominent position on the west side of pedestrianised Cattlemarket in Loughborough town centre, close to Market Place and some 80 metres south of the Carillon Court Shopping Centre. Nearby occupiers include Primark, Boots the Chemist, Costa, Poundland, Superdrug, Caffè Nero, Greggs and Odeon Cinema. Please note Thomas Cook no longer occupy 32 Cattlemarket. Loughborough Town Hall is located diagonally opposite the property.
Tenure
Freehold.
Description
The property comprises a well configured ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is not 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 well configured ground floor shop with ancillary accommodation on the first floor.
VAT
VAT is not 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
192.61 sq m 170.10 sq m
(2,073 sq ft) (1,831 sq ft)
FARMFOODS LIMITED (1)
5 years from 15/12/2017 on a full repairing and insuring lease
£48,500
Total
362.71 sq m
(3,904 sq ft)
£48,500
(1) Farmfoods has now grown to occupy more than 300 stores and four distribution centres nationwide, with around 4,000 employees. For the year ending 31st December 2016, Farmfoods Limited reported a turnover of £669,201,000, pre-tax profits of £9,238,000 and a total net worth of £91,650,000 (Sources: www.farmfoods.co.uk and Experian Group 28/11/2017).
