Entirely Let to Signet Trading Ltd t/a H Samuel until August 2027 on a renewed lease from 2022
Trading as H Samuel for over 37 years
Substantial ground and basement floor retail unit
Approximate floor area of 219.97 sq m (2,371 sq ft)
Excellent trading position on High Street
Neighbouring retailers include Primark, Waterstones, Hotel Chocolat, Marks and Spencer, Ernest Jones, Joules and Franco Manca.
Lot 33
Auction 13th July 2023
Rent £95,000 per Annum Exclusive
Status Sold Prior
Price
Sector High Street Retail
Auction Venue Live Streamed Auction
On Behalf of a Global Real Estate Investment Firm
Property Information
Location
Miles
36 miles north-east of Nottingham, 40 miles south-east of Sheffield
Roads
A1 (M), A15, A46
Rail
Lincoln Central Station
Air
East Midlands Airport
Situation
Lincoln is a attractive Cathedral City which is the retailing and administrative Capital of Lincolnshire. The property sits in a prime location on the pedestrianised High Street. The immediate vicinity is home to many national multiple retailers including Primark, Waterstones, Hotel Chocolat, Marks and Spencer, Ernest Jones, Joules and Franco Manca.
Tenure
Freehold.
Location
Miles
36 miles north-east of Nottingham, 40 miles south-east of Sheffield
Roads
A1 (M), A15, A46
Rail
Lincoln Central Station
Air
East Midlands Airport
Situation
Lincoln is a attractive Cathedral City which is the retailing and administrative Capital of Lincolnshire. The property sits in a prime location on the pedestrianised High Street. The immediate vicinity is home to many national multiple retailers including Primark, Waterstones, Hotel Chocolat, Marks and Spencer, Ernest Jones, Joules and Franco Manca.
Tenure
Freehold.
Description
The property comprises a double fronted ground floor retail unit with ancillary basement accommodation.
The upper floors are held under separate freehold titles outside of the interest to be sold.
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 retail unit with ancillary basement accommodation.
The upper floors are held under separate freehold titles outside of the interest to be sold.
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.
Ground Basement
Retail Ancillary
159.52 60.45
(1,721) (650)
SIGNET TRADING LIMITED t/a H. Samuel (1)
5 years from 21/08/2022
£95,000
Total Approximate Floor Area
219.97
(2,371) (2)
£95,000
(1) For the year ending 29/01/2022 Signet Trading Limited reported a Turnover of £359,976,000 and a Net Worth of £193,776,000 (NorthRow 16/06/2023). Signet Group is the world's largest retailer of diamond jewellery and operate over 2,500 stores in the USA, UK, Canada, Ireland and Channel Island under trading names such as H. Samuel, Ernest Jones, Marks & Morgan and Blue Nile (www.signetjewelers.com). (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.
