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
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.
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.
