Iceland Alfreton Estate, Nottingham Road, Somercotes Alfreton Derbyshire DE55 4JJ

Iceland
Alfreton Estate, Nottingham Road, Somercotes
Alfreton
Derbyshire
DE55 4JJ

Virtual Freehold Supermarket Investment

Let to Iceland Foods Ltd until 2030 (no breaks)
Site area 0.32 hectares (0.78 acres)
Rent rising to £134,547 p.a.x. in 2025
Neighbouring occupiers include B&M, Aldi, Poundstretcher, McDonald's, KFC and Greggs

Lot
5
Auction
26th March 2020
Rent
£118,920 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

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Virtual Freehold Supermarket Investment

Let to Iceland Foods Ltd until 2030 (no breaks)
Site area 0.32 hectares (0.78 acres)
Rent rising to £134,547 p.a.x. in 2025
Neighbouring occupiers include B&M, Aldi, Poundstretcher, McDonald's, KFC and Greggs

Lot 5
Auction 26th March 2020
Rent £118,920 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
Marble Arch
London W1H 7TN

Property Information

Location

Miles: 15 miles north-west of Nottingham; 20 miles south of Sheffield
Roads: A61, A38, M1 (Junction 28)
Rail: Alfreton Railway Station
Air: East Midlands Airport

Situation

The property is prominently located approximately 1 mile south of Alfreton town centre, on the west side of Nottingham Road (B600) in the well established Alfreton Trading Estate. Neighbouring occupiers include B&M, Aldi, Poundstretcher, McDonald's, KFC and Greggs.

Tenure

Virtual Freehold. Held for 999 years from 04/01/1993 at a fixed peppercorn rent.

Location

Miles: 15 miles north-west of Nottingham; 20 miles south of Sheffield
Roads: A61, A38, M1 (Junction 28)
Rail: Alfreton Railway Station
Air: East Midlands Airport

Situation

Tenure

Virtual Freehold. Held for 999 years from 04/01/1993 at a fixed peppercorn rent.

Description

The property is a supermarket comprising ground floor retail accommodation and first floor ancillary accommodation. The property benefits from a loading area with a roller shutter door and parking for approximately 35 cars.

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

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

Description

VAT

VAT is applicable to this lot.

Completion Period

Eight Week Completion

EPC

Band C. 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 Ancillary	668.15 sq m 93.30 sq m	(7,192 sq ft) (1,004 sq ft)	ICELAND FOODS LTD (1)	25 years from 28/02/2005 on a full repairing and insuring lease	£118,920	28/02/2025 (2) (27/02/2030)
Total		761.45 sq m	(8,196 sq ft)			£118,920

(1) For the year ending 29th March 2019, Iceland Foods Ltd reported a turnover of £3,022,800,000, pre-tax profits of £31,200,000 and a total net worth of £792,900,000 (Source: Experian Group 21/03/2020).
(2) The lease provides for rent reviews every fifth year of the term with fixed increases of 2.5% per annum compounded. The rent will increase to £134,547 per annum in 2025.

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.