15 St Peter's Gate Nottingham Nottinghamshire NG1 2JF

15 St Peter's Gate
Nottingham
Nottinghamshire
NG1 2JF

Freehold Retail Investment

Let to The White Company (U.K.) Limited on a recently renewed lease from July 2020
Re-based rent (previous rent £140,000)
Includes first floor trading accommodation
Recently completed tenant shop improvements including new shop front
Nearby retailers include Waterstones, FatFace, Jack Wills, White Stuff, Molton Brown, Ted Baker, Joules, Boss and Reiss

Lot
23
Auction
25th March 2021
Rent
£65,000 per Annum Exclusive
Status
Sold
Price
£710,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Let to The White Company (U.K.) Limited on a recently renewed lease from July 2020
Re-based rent (previous rent £140,000)
Includes first floor trading accommodation
Recently completed tenant shop improvements including new shop front
Nearby retailers include Waterstones, FatFace, Jack Wills, White Stuff, Molton Brown, Ted Baker, Joules, Boss and Reiss

Lot 23
Auction 25th March 2021
Rent £65,000 per Annum Exclusive
Status Sold
Price £710,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 15 miles north of Loughborough; 49 miles north-east of Birmingham
Roads: A60, A610, M1
Rail: Nottingham
Air: Birmingham Airport

Situation

Nottingham, a city located in the East Midlands, is approximately 15 miles north of Loughborough and 49 miles north-east of Birmingham. The city benefits from excellent road links, being less than 10 miles from Junction 25 of the M1 motorway. The property is located in a prominent position on the north side of St Peter's Gate, close to its junction with Bridlesmith Gate. Nearby retailers include Waterstones, FatFace, Jack Wills, White Stuff, Molton Brown, Ted Baker, Joules, Boss and Reiss.

Tenure

Freehold.

Location

Miles: 15 miles north of Loughborough; 49 miles north-east of Birmingham
Roads: A60, A610, M1
Rail: Nottingham
Air: Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop with further retail accommodation on first floor, and ancillary accommodation on the basement and second floor (accessed via a hatch and disused). At the end of 2020, the tenant completed improvement works to the property including a new shop front and roof improvements at a cost to the tenant in excess of £65,000.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D. See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground Basement First Second	Retail Ancillary Retail/Ancillary Ancillary/Plant Room	201.17 sq m 112.49 sq m 158.05 sq m 73.18 sq m	(2,165 sq ft) (1,211 sq ft) (1,701 sq ft) (788 sq ft)	THE WHITE COMPANY (U.K.) LIMITED (1)	5 years from 01/07/2020 until 30/06/2025 (2) on a full repairing and insuring lease (3)	£65,000
Total		544.89 sq m	(5,865 sq ft)			£65,000

(1) For the year ending 3rd August 2019, The White Company (U.K.) Limited reported a turnover of £273,268,000, pre-tax profits of £13,306,000 and shareholders funds of £39,398,000 (source: SmartSearch 02/10/2020).
(2) The lease is subject to a tenant option to determine the lease on 31/12/2022, subject to 6 months notice.
(3) Please note that the basement and second floors are subject to a Schedule of Condition.

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.