Entirely Let to Esquire Retail Limited (t/a Clinton Cards)
Let on a New Lease until 2028 (Subject to option)
Popular Suffolk Port Town
Prime Retailing Position
Outside the Security of Tenure Provisions of the Landlord and Tenant Act 1954
Nearby Occupiers Include Boots, Halifax, Superdrug, Costa, Iceland and Wimpy.
Lot 24
Auction 15th December 2022
Rent £27,500 per Annum Exclusive
Status Sold
Price £320,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads
A12, A14
Rail
Felixstowe Railway Station
Air
London Luton Airport, London Stansted Airport
Situation
Felixstowe is a popular and attractive Suffolk port town and home to the UK's largest container port. The property is situated in prime trading positon on the West side of Hamilton road in the town's busy retailing thoroughfare. Nearby occupiers include Boots, Halifax, Superdrug, Costa, Iceland and Wimpy.
Tenure
Freehold.
Location
Miles
12 miles south-east of Ipswich, 28 miles north-east of Colchester
Roads
A12, A14
Rail
Felixstowe Railway Station
Air
London Luton Airport, London Stansted Airport
Situation
Felixstowe is a popular and attractive Suffolk port town and home to the UK's largest container port. The property is situated in prime trading positon on the West side of Hamilton road in the town's busy retailing thoroughfare. Nearby occupiers include Boots, Halifax, Superdrug, Costa, Iceland and Wimpy.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the fist floor and benefits from rear access.
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 ancillary accommodation on the fist floor and benefits from rear access.
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
Retail Ancillary
195.11 76.26
(2,100) (820)
ESQUIRE RETAIL LIMITED (CRN 12338587) t/a Clinton Cards' (1)
6 years from 10th November 2022 until 2028 (2)
£27,500 (2)
9/07/2028
Total Approximate Floor Area
271.37
(2,920) (3)
£27,500
(1) Esquire Retail Limited (CRN 12338587) currently operate circa 238 stores all over the UK, including Scotland, Wales and Northern Ireland as well as a transactional website. (www.clintonsretail.com) (2) The lease provides for a tenant option to determine the lease on 9th July 2026 subject to 6 month prior written notice. In the event that the tenant does not exercise their option to determine the lease than the rest will be reduced to a peppercorn from 1st August 2026 until 31st October 2026. (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.
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