15 / 16 Market Hill St Ives Cambridgeshire PE27 5AL

15 / 16 Market Hill
St Ives
Cambridgeshire
PE27 5AL

Freehold Retail Investment

Let to Peacocks Stores Limited on a recently renewed lease until 2024 (subject to option)
Rent re-based at renewal
Prominent position on Market Hill
Affluent Cambridgeshire market town
Nearby occupiers include Boots, HSBC, Greggs and M & Co.

Lot
46
Auction
11th July 2019
Rent
£60,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Trustees

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Freehold Retail Investment

Let to Peacocks Stores Limited on a recently renewed lease until 2024 (subject to option)
Rent re-based at renewal
Prominent position on Market Hill
Affluent Cambridgeshire market town
Nearby occupiers include Boots, HSBC, Greggs and M & Co.

Lot 46
Auction 11th July 2019
Rent £60,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN
On behalf of Trustees

Property Information

Location

Miles: 6 miles east of Huntingdon, 14 miles north-west of Cambridge
Roads: A1 (M), A14, A141
Air: London Stansted, Heathrow and Gatwick

Situation

St Ives is an affluent market town in Cambridgeshire, some 14 miles north-west of Cambridge. The property occupies a prominent position on the southern side of Market Hill, where St Ives weekly markets are hosted. Nearby occupiers include Boots, HSBC, Greggs and M & Co.

Tenure

Freehold.

Location

Miles: 6 miles east of Huntingdon, 14 miles north-west of Cambridge
Roads: A1 (M), A14, A141
Air: London Stansted, Heathrow and Gatwick

Situation

Tenure

Freehold.

Description

The property comprises a double fronted retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

Available in legal pack.

Description

The property comprises a double fronted retail unit with first and second floor ancillary accommodation.

VAT

VAT is applicable to this lot.

EPC

Available in legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion
Ground First Second	Retail Ancillary Ancillary	433.68 sq m 110.03 sq m 121.56 sq m	(4,668 sq ft) (1,184 sq ft) (1,308 sq ft)	PEACOCKS STORES LIMITED (1)	5 years from 18/04/2019 on a full repairing and insuring lease (2) (3)	£60,000	17/04/2024
Total		665.27 sq m	(7,160 sq ft)			£60,000

(1) For the year ending 25 Aug 2018, Peacocks Stores Limited reported a turnover of £564,266,000, pre-tax profits of £66,506,000 and a total net worth of £146,493,000. (Source: Experian Group 12/06/2019)
(2) The lease is subject to a schedule of condition.
(3) The lease provides an option to determine on 18/04/2022.