Iceland, 37-39 The Parade Exmouth Devon EX8 1RH

Iceland, 37-39 The Parade
Exmouth
Devon
EX8 1RH

Freehold Supermarket Investment

Substantial Town Centre Supermarket
Entirely Let to Iceland Foods Limited on an Extended Lease until December 2027 (no breaks)
Popular Seaside Town
Busy Town Centre Location
Nearby occupiers include JD Wetherspoons, Halifax, Clarks, Oxfam, Vodafone, Boots

Lot
28
Auction
15th December 2022
Rent
£75,000 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Supermarket Investment

Substantial Town Centre Supermarket
Entirely Let to Iceland Foods Limited on an Extended Lease until December 2027 (no breaks)
Popular Seaside Town
Busy Town Centre Location
Nearby occupiers include JD Wetherspoons, Halifax, Clarks, Oxfam, Vodafone, Boots

Lot 28
Auction 15th December 2022
Rent £75,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles south east of Exeter, 35 miles south west of Taunton
Roads: A30, A38, A376, M5 (J30)
Rail: Exmouth Railway Station
Air: Exmouth International Airport

Situation

The property is located in the attractive and popular seaside town of Exmouth 10 miles south of Exeter. The property is situated on the north side of the Parade in the busy town centre close to the junction with Imperial Road (A376), Exmouth Railway Station and Exmouth Beach. Nearby occupiers include JD Wetherspoons, Halifax, Clarks, Oxfam, Vodafone, Boots and many more national and local retailers.

Tenure

Freehold.

Location

Miles: 10 miles south east of Exeter, 35 miles south west of Taunton
Roads: A30, A38, A376, M5 (J30)
Rail: Exmouth Railway Station
Air: Exmouth International Airport

Situation

Tenure

Freehold.

Description

The property comprises a double fronted ground floor supermarket with ancillary accommodation on the first floor and benefits from rear access via Sheppard's Row.

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 double fronted ground floor supermarket with ancillary accommodation on the first floor and benefits from rear access via Sheppard's Row.

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.	Reversion
Ground First	Supermarket Ancillary	493.79 430.30	(5,315) (4,631)	ICELAND FOODS LIMITED (1)	5 year lease extension from 25/12/2022	£75,000	24/12/2027
Total Approximate Floor Area		924.09	(9,946) (2)			£75,000

(1) For the year ending 26/03/2021 Iceland Foods Limited (CRN 01107406) reported a Turnover of £3,715,000,000, a Pre-Tax Profit of £73,100,000 and a Net Worth of £707,000,000 (NorthRow 18/11/2022).
(2) 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.