31 Cattlemarket Loughborough Leicestershire LE11 3DL

  • 31 Cattlemarket<br>Loughborough<br>Leicestershire<br>LE11 3DL

31 Cattlemarket
Loughborough
Leicestershire
LE11 3DL

Freehold Retail Investment

  • Let to Farmfoods Limited
  • Lease renewal from December 2017
  • Tenant in occupation for over 30 years
  • 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
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to Farmfoods Limited
  • Lease renewal from December 2017
  • Tenant in occupation for over 30 years
  • 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).

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Comptons 90-92 Parkway
London
NW1 7AN
Stephen Compton 0207 485 0888sc@comptons.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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