58 Church Gate Loughborough Leicestershire LE11 1UE

58 Church Gate
Loughborough
Leicestershire
LE11 1UE

Freehold Retail Investment

Comprising Ground Floor Retail with Ancillary First Floor
Let on a New Lease until 2032 (subject to option)
Trading as Cash Converters Since 2007
Approximately 2,330 sq ft
Prominent Trading Location in Pedestrianised Town Centre
Nearby Occupiers Include McDonalds, Timpson's, Nationwide, Halifax, British Heart Foundation and Shoe Zone.

Lot
3
Auction
15th December 2022
Rent
£29,000 per Annum Exclusive
Status
Sold
Price
£335,000
Auction Venue
Live Streamed Auction

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Freehold Retail Investment

Comprising Ground Floor Retail with Ancillary First Floor
Let on a New Lease until 2032 (subject to option)
Trading as Cash Converters Since 2007
Approximately 2,330 sq ft
Prominent Trading Location in Pedestrianised Town Centre
Nearby Occupiers Include McDonalds, Timpson's, Nationwide, Halifax, British Heart Foundation and Shoe Zone.

Lot 3
Auction 15th December 2022
Rent £29,000 per Annum Exclusive
Status Sold
Price £335,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 12 miles north of Leicester, 5 miles south of Nottingham, 40 miles north-east of Birmingham
Roads: A6, M1 (Junction 23)
Rail: Loughborough Railway Station (London St Pancras in 1hr 15mins)
Air: East Midlands Airport, Birmingham Airport

Situation

The property is well located in the heart of Loughborough town centre, on the south side of the pedestrianised Church Gate. Prominently positioned at the corner of Church Gate and Biggin Street the property benefits from nearby occupiers such as McDonalds, Timpsons, Nationwide, Halifax, British Heart Foundation and Shoe Zone.

Tenure

Freehold.

Location

Miles: 12 miles north of Leicester, 5 miles south of Nottingham, 40 miles north-east of Birmingham
Roads: A6, M1 (Junction 23)
Rail: Loughborough Railway Station (London St Pancras in 1hr 15mins)
Air: East Midlands Airport, Birmingham Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with return frontage together with ancillary accommodation on the first floor. Cash convertors have traded from the property since at least 2007.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor retail unit with return frontage together with ancillary accommodation on the first floor. Cash convertors have traded from the property since at least 2007.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Review/(Reversion)
Ground First	Retail Ancillary	139.90 76.70	(1,505) (825)	MALACHITE ASSOCIATES LIMITED t/a Cash Converters (1)	10 years from 09/11/2022 (2)	£29,000	09/11//2027 (08/11//2032)
Total Approximate Floor Area		216.60	(2,330)			£29,000

(1) Malachite Associates Limited (CRN 08704096) was incorporated in 2013. The group have 15-20 branches trading as Cash Converters under franchise agreements. The property has traded as Cash Converters since at least 2007. Cash Converters business is represented in 21 countries worldwide and has a network of over 700 stores (British Franchise Association).
(2) The lease provides for a Tenant option to determine the lease on 09/11/2027
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).

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.