H. Samuel 298-299 High Street Lincoln Lincolnshire LN2 1AF

H. Samuel
298-299 High Street
Lincoln
Lincolnshire
LN2 1AF

Freehold Retail Investment

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
Auction Venue
Live Streamed Auction
On Behalf of a Global Real Estate Investment Firm

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Freehold Retail Investment

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

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.