Property Auctions 23/Sep/2020 | Victory House, Central Avenue, Brampton Park, Brampton, Cambridgeshire, PE28 4BZ

Modern Purpose Built Freehold Convenience Store, Residential Investment with Car Parking & 2 Vacant Shops

Modern Purpose Built Freehold Convenience Store, 2 shops, 13 Apartments and Car Parking
On the newly developed strategically located Brampton Park development, near Huntingdon close to A1/A14 interchange
Convenience Store let to Central England Cooperative Limited (t/a Co-Op) on a lease expiring 2033 (NO BREAKS)
13 Purpose Built Apartments let on AST`s
Two vacant shops with opportunity to immediately increase rental income
Total Gross Internal Floor Area 1,434 sq m (15,435 sq ft)

Lot 11
Auction 23rd September 2020
Rent £185,100 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 2 miles south west of Huntingdon; 17 miles north west of Cambridge; 19 miles south of Peterborough
Roads: A1, A14, B1514
Rail: 1.5 miles to Huntingdon Railway Station; (to London Kings Cross in 48 minutes)
Air: London Stansted (40 miles south); Luton Airport (43 miles south)

Situation

Brampton is a predominately residential area 2 miles south west of Huntingdon and 17 miles north west of Cambridge located on the B1514 which provide direct links to the A1/A14 junction. Huntingdon Railway station is 1.5 miles to the north east, with a fastest journey time to London Kings Cross of 48 minutes. Huntingdon racecourse is 1 mile to the north, Grafham Water is 3 miles to the west and Brampton Golf course within walking distance. Brampton Park is a new 600 residential unit development with associated amenities and is being built out by Linden Homes, Crest Nicholson, Campbell Buchanan and Winborough Homes. The property is located on Central Avenue close to its junction with Buckden Road (B1514) in a newly developed residential area.

Tenure

Freehold.

Location

Miles: 2 miles south west of Huntingdon; 17 miles north west of Cambridge; 19 miles south of Peterborough
Roads: A1, A14, B1514
Rail: 1.5 miles to Huntingdon Railway Station; (to London Kings Cross in 48 minutes)
Air: London Stansted (40 miles south); Luton Airport (43 miles south)

Situation

Brampton is a predominately residential area 2 miles south west of Huntingdon and 17 miles north west of Cambridge located on the B1514 which provide direct links to the A1/A14 junction. Huntingdon Railway station is 1.5 miles to the north east, with a fastest journey time to London Kings Cross of 48 minutes. Huntingdon racecourse is 1 mile to the north, Grafham Water is 3 miles to the west and Brampton Golf course within walking distance. Brampton Park is a new 600 residential unit development with associated amenities and is being built out by Linden Homes, Crest Nicholson, Campbell Buchanan and Winborough Homes. The property is located on Central Avenue close to its junction with Buckden Road (B1514) in a newly developed residential area.

Tenure

Freehold.

Description

Completed in 2019 the building comprises a ground floor convenience store, two ground floor shops and 13 new purpose built apartments on the first and second floors. The property benefits from 30 car parking spaces. There are 13 apartments, on two floors, consisting of 5 x 1 bed and 8 x 2 bed. Flats 7 & 8 are Duplex over first & second floors. Each flat has an allocated parking space. (see legal pack at http://www.acuitus.co.uk for details of the apartment fit out)

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Description

Completed in 2019 the building comprises a ground floor convenience store, two ground floor shops and 13 new purpose built apartments on the first and second floors. The property benefits from 30 car parking spaces. There are 13 apartments, on two floors, consisting of 5 x 1 bed and 8 x 2 bed. Flats 7 & 8 are Duplex over first & second floors. Each flat has an allocated parking space. (see legal pack at http://www.acuitus.co.uk for details of the apartment fit out)

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground Unit 1	Retail	371.10 sq m & 13 car parking spaces	(3,995 sq ft)	Central England Co- Operative Limited (2)	15 years from 5/11/2018	£60,000	2023 and 5 yearly, linked to RPI, capped at 4%
Ground Unit 2	Retail	46.70 sq m	(503 sq ft)	VACANT	-	-	-
Ground Unit 3	Retail	75.90 sq m	(817 sq ft)	VACANT	-	-	-
First Floor Apartment 1	Residential - 1 bed	47.93 sq m	(516 sq ft)	INDIVIDUAL	12 month AST from 12/06/20	£7,800
First Floor Apartment 2	Residential - 2 bed	60.00 sq m	(646 sq ft)	INDIVIDUAL	6 month AST from 12/06/20	£10,200
First Floor Apartment 3	Residential - 2 bedl	60.00 sq m	(646 sq ft)	INDIVIDUAL	12 month AST from 01/09/20	£10,200
First Floor Apartment 4	Residential - 1 bed	47.93 sq m	(516 sq ft)	INDIVIDUAL	12 month AST from 1/07/20	£7,800
First Floor Apartment 5	Residential - 1 bed	47.93 sq m	(516 sq ft)	INDIVIDUAL	12 month AST from1/07/20	£7,800
First Floor Apartment 6	Residential - 1 bed	44.96 sq m	(484 sq ft)	INDIVIDUAL	6 month AST from6/06/20	£7,500
First & Second Floor Duplex Apartment 7	Residential - 2 bed	121.00 sq m	(1,302 sq ft)	INDIVIDUAL	12 month AST from14/08/20	£11,940
First & Second Floor Duplex Apartment 8	Residential - 2 bed	98.00 sq m	(10,055 sq ft)	INDIVIDUAL	12 month AST from1/09/20	£11,940
First Floor Apartment 9	Residential - 2 bed	71.16 sq m	(796 sq ft)	INDIVIDUAL	12 month AST from25/07/20	£10,500
Second Floor Apartment 10	Residential - 2 bed	69.95 sq m	(753 sq ft)	INDIVIDUAL	6 month AST from19/06/20	£10,500
Second Floor Apartment 11	Residential - 2 bed	69.95 sq m	(753 sq ft)	INDIVIDUAL	6 month AST from17/06/20	£10,500
Second Floor Apartment 12	Residential - 2 bed	67.00 sq m	(721 sq ft)	INDIVIDUAL	6 month AST from1/07/20	£10,200
Second Floor Apartment 13	Residential - 1 bed	52.00 sq m	(560 sq ft)	INDIVIDUAL	12 month AST from1/07/20	£8,220
Total Net Total Gross	Internal Area Internal Area	1,350.67 sq m 1,434 sq m	(14,539 sq ft) (15,435 sq ft)			£185,100

(2) Formed by the merger of Midlands and Anglia Co-operatives, Central England Co-operative is one of the largest independent retailers in the UK, with over 400 trading outlets, a family of around 8,600 colleagues and more than 330,000 regular trading members. (www.centralengland.coop) For the year ended 26th January 2019 Central England Co-Operative Limited reported a Total Turnover of 827,804,000, Pre-tax profit of 2,007,000 and Shareholders funds of 216,083,000. (source : Smart Search 11/08/2020)

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.