74 - 76 Hamilton Road Felixstowe Suffolk IP11 7AF

74 - 76 Hamilton Road
Felixstowe
Suffolk
IP11 7AF

Freehold Retail Investment

Tenant trading as Costa until 2026
Rent review October 2020
Neighbouring occupiers include Boots the Chemist, British Heart Foundation, Superdrug, Iceland, Nationwide, HSBC, WH Smith, Holland & Barrett, Halifax and Vodafone

Lot
23
Auction
12th February 2020
Rent
£38,500 per Annum Exclusive
Status
Sold
Price
£575,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Freehold Retail Investment

Tenant trading as Costa until 2026
Rent review October 2020
Neighbouring occupiers include Boots the Chemist, British Heart Foundation, Superdrug, Iceland, Nationwide, HSBC, WH Smith, Holland & Barrett, Halifax and Vodafone

Lot 23
Auction 12th February 2020
Rent £38,500 per Annum Exclusive
Status Sold
Price £575,000
Sector
High Street Retail
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 12 miles south-east of Ipswich; 28 miles north-east of Colchester
Roads: A12, A14
Rail: Felixstowe Railway Station
Air: London Stansted Airport

Situation

The property is located in a prime position on the east side of the pedestrianised Hamilton Road, in the heart of Felixstowe town centre. Neighbouring occupiers include Boots the Chemist, British Heart Foundation, Superdrug, Iceland, Nationwide, HSBC, WH Smith, Holland & Barrett, Halifax and Vodafone.

Tenure

Freehold.

Location

Miles: 12 miles south-east of Ipswich; 28 miles north-east of Colchester
Roads: A12, A14
Rail: Felixstowe Railway Station
Air: London Stansted Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with first floor retail and ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack at acuitus.co.uk

Description

The property comprises ground floor retail accommodation with first floor retail and ancillary accommodation.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review/ (Reversion)
Ground First	Retail Retail and Ancillary	107.23 sq m 78.97 sq m	(1,154 sq ft) (850 sq ft)	AIMES LIMITED t/a Costa (1)	15 years and 5 months from 19/10/2010 on a full repairing and insuring lease	£38,500	19/10/2020 (25/03/2026)
Total		186.20 sq m	(2,004 sq ft)			£38,500

(1) Aimes Limited (CRN 04261241) was incorporated in 2001 and for the year ending 31st December 2018 reported a net worth of £434,856 and is rated by Experian as "Below Average Risk". Aimes Limited is owned by Scoffs Group Limited, which was incorporated in 2001 and for the year ending 31st December 2018, reported a turnover of £15,992,034 and pre-tax profits of £561,246 and is rated by Experian as "Below Average Risk".

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.