Neighbouring occupiers include Greggs, Savers, Poundland, Clarks, Iceland Foods and Barclays Bank
Lot 19
Auction 12th February 2020
Rent £57,500 per Annum Exclusive
Status Sold
Price £502,000
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Property Information
Location
Miles
47 miles north-east of London
16 miles south-east of Cambridge
16 miles south-west of Bury St Edmund
23 miles north-west of Colchester
Roads
M11, A14, A12
Rail
Air
Stansted Airport
Situation
The property is situated in the popular market town of Haverhill, on the north side of High Street. The property is located in the heart of the town centre. Neighbouring occupiers include Iceland, Clintons, Greggs, William Hill and Barclays.
Tenure
Virtual Freehold. Held for 999 years from 03/07/2015 at a fixed peppercorn rent.
Location
Miles
47 miles north-east of London
16 miles south-east of Cambridge
16 miles south-west of Bury St Edmund
23 miles north-west of Colchester
Roads
M11, A14, A12
Rail
Air
Stansted Airport
Situation
The property is situated in the popular market town of Haverhill, on the north side of High Street. The property is located in the heart of the town centre. Neighbouring occupiers include Iceland, Clintons, Greggs, William Hill and Barclays.
Tenure
Virtual Freehold. Held for 999 years from 03/07/2015 at a fixed peppercorn rent.
Description
The property comprises a parade of 4 shops, each with retail accommodation on the ground floor. The property forms part of a larger building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Description
The property comprises a parade of 4 shops, each with retail accommodation on the ground floor. The property forms part of a larger building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/ (Reversion)
61
Ground
Retail
175.20 sq m
(1,886 sq ft)
RAJ PARTNERS LIMITED t/a Raj Mahal Restaurant
15 years from 01/03/2014
£18,500
28/02/2024 (28/02/2029)
61b
Ground
Retail
70.20 sq m
(755 sq ft)
INDIVIDUALS t/a Benny’s BBQ
10 years from 16/10/2013
£14,000
(15/10/2023)
61c
Ground
Retail
77.30 sq m
(832 sq ft)
INDIVIDUAL t/a G L Pet Foods & Reptiles
5 years from 01/06/2016
£11,000
(31/05/2021)
61d
Ground
Retail
80.92 sq m
(871 sq ft)
INDIVIDUALS t/a Autozone
10 years from 29/11/2013
£14,000
(28/11/2023)
Total
403.62 sq m
(4,344 sq ft)
£57,500
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.