191 / 192 High Street Northallerton North Yorkshire DL7 8LF

191 / 192 High Street
Northallerton
North Yorkshire
DL7 8LF

Freehold Retail Investment

Let to AG Retail Cards Limited (t/a Clintons)
New 5 year lease renewal from September 2018 (no breaks)
Previous rent £95,000 per annum exclusive
No concessions or incentives offered at lease renewal
Prime trading location close to WHSmith, Boots the Chemist, Waterstones, Fat Face, Pandora and Betty’s Tea Room
Attractive and affluent North Yorkshire market town

Lot
30
Auction
5th December 2018
Rent
£100,000 per Annum Exclusive
Status
Sold
Price
£1,515,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Retail Investment

Let to AG Retail Cards Limited (t/a Clintons)
New 5 year lease renewal from September 2018 (no breaks)
Previous rent £95,000 per annum exclusive
No concessions or incentives offered at lease renewal
Prime trading location close to WHSmith, Boots the Chemist, Waterstones, Fat Face, Pandora and Betty’s Tea Room
Attractive and affluent North Yorkshire market town

Lot 30
Auction 5th December 2018
Rent £100,000 per Annum Exclusive
Status Sold
Price £1,515,000
Sector
High Street Retail
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 24 miles north of Harrogate, 31 miles north-west of York
Roads: A19, A167, A168, A1(M)
Rail: Northallerton Railway Station
Air: Leeds Bradford Airport

Situation

Northallerton lies in the Vale of Mowbray and serves as the county town of North Yorkshire. The property is situated in a prime trading position between WHSmith and Barclays Bank, on the western side of High Street, Northallerton’s principal retailing thoroughfare. Nearby occupiers include Superdrug, Boots the Chemist, Costa, Pandora, Fat Face, Caffè Nero and Superdrug. High Street provides car parking for over 70 cars.

Tenure

Freehold.

Location

Miles: 24 miles north of Harrogate, 31 miles north-west of York
Roads: A19, A167, A168, A1(M)
Rail: Northallerton Railway Station
Air: Leeds Bradford Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with clear sales space and ancillary accommodation with further ancillary accommodation on the first and second floors. The property benefits from car parking for 8 cars to the rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band C. See legal pack at acuitus.co.uk

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band C. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground Ground First Second	Retail Ancillary Ancillary Ancillary	238.48 sq m 11.15 sq m 160.72 sq m 27.59 sq m	(2,567 sq ft) (120 sq ft) (1,730 sq ft) (297 sq ft)	AG RETAIL CARDS LIMITED t/a Clintons (2)	5 years from 29/09/2018 on a full repairing and insuring lease	£100,000
Total		437.94 sq m (1)	(4,714 sq ft) (1)			£100,000

(1) Floor areas agreed at lease renewal.
(2) Clintons is the trading name of AG Retail Cards Limited. Clintons was established in 1968 and is a leading retailer of cards and gifts, operating over 400 stores throughout the UK (Source: www.clintonsretail.com 29/10/2018).