Excellent trading location between Castle Mall Shopping Centre & Haymarket/Gentleman's Walk, and close to Royal Arcade
10 year lease from September 2019 (subject to option)
Rent re-based in 2019
Comprises 462.50 sq m (4,979 sq ft), including testing rooms on upper floors
Nearby retailers include Primark, Flying Tiger, Boots the Chemist, TK Maxx, Bill's, Holland & Barrett, FatFace and WH Smith
Lot 8
Auction 13th December 2021
Rent £126,250 per Annum Exclusive
Status Sold
Price £1,305,000
Sector High Street Retail
Auction Venue Live Streamed Auction
on behalf of a Real Estate Investment Trust
Property Information
Location
Miles
45 miles north of Ipswich
61 miles north-east of Cambridge
Roads
A11, A47, A140, A146
Rail
Norwich
Air
Norwich Airport
Situation
Norwich is a Cathedral City in the county town of Norfolk, with a population of 141,300. Norwich is located 45 miles north of Ipswich, 61 miles north-east of Cambridge and 73 miles east of Peterborough and benefits from regular rail services to London Liverpool Street (1 hour 50 minutes). The property is located on the south side of the pedestrianised White Lion Street, between Haymarket, Gentleman's Walk & Castle Mall Shopping Centre with retailers nearby including Primark, Flying Tiger, Boots the Chemist, TK Maxx, Bill's, Holland & Barrett, FatFace and WH Smith.
Tenure
Freehold.
Location
Miles
45 miles north of Ipswich
61 miles north-east of Cambridge
Roads
A11, A47, A140, A146
Rail
Norwich
Air
Norwich Airport
Situation
Norwich is a Cathedral City in the county town of Norfolk, with a population of 141,300. Norwich is located 45 miles north of Ipswich, 61 miles north-east of Cambridge and 73 miles east of Peterborough and benefits from regular rail services to London Liverpool Street (1 hour 50 minutes). The property is located on the south side of the pedestrianised White Lion Street, between Haymarket, Gentleman's Walk & Castle Mall Shopping Centre with retailers nearby including Primark, Flying Tiger, Boots the Chemist, TK Maxx, Bill's, Holland & Barrett, FatFace and WH Smith.
Tenure
Freehold.
Description
The property comprises a large, triple fronted ground floor shop with further retail/ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at www.acuitus.co.uk.
Description
The property comprises a large, triple fronted ground floor shop with further retail/ancillary accommodation on the first and second floors.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at www.acuitus.co.uk.
10 years from 01/10/2019 until 30/09/2029 (2) on a full repairing and insuring lease
£126,250
01/10/2024
Total
462.50 sq m
(4,979 sq ft)
£126,250
(1) For the year ending 29/02/2020, Specsavers Optical Superstores Limited reported a turnover of £696,410,000, pre-tax profits of £20,929,000 and total shareholder's equity of £86,047,000 (NorthRow 22/10/2021). (2) The lease is subject to a tenant option to determine on 01/10/2024.
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.
