Let to La Boite Ltd until 2031 (subject to option)
Affluent and Attractive Historic Market Town
Town Centre Location
Nearby Occupiers include Waitrose, Boots, Oxfam, Starbucks, Superdrug and an Eclectic Mix of Local Retailers
VAT-Free Investment
Lot 1
Auction 9th July 2024
Rent £26,400 per Annum Exclusive
Status Available
Guide* £250,000 - £275,000
Sector High Street Retail
Auction Venue Live Streamed Auction
Property Information
Location
Miles
15 miles south of Cambridge, 12 miles north of Bishop's Stortford and 46 miles north-east of London
Roads
B184, B1052, M11 (Junction 9)
Train
Audley End Railway Station
Air
London Stansted Airport
Situation
Saffron Walden is an affluent, attractive and historic Market Town located some 46 miles north-east of London. The property is situated in the centre of Saffron Walden on the pedestrianised Cross Street, a thoroughfare between King Street and Hill Street, with nearby occupiers including Waitrose, Boots, Oxfam, Starbucks, Superdrug and an eclectic mix of local retailers.
Tenure
Freehold.
Location
Miles
15 miles south of Cambridge, 12 miles north of Bishop's Stortford and 46 miles north-east of London
Roads
B184, B1052, M11 (Junction 9)
Train
Audley End Railway Station
Air
London Stansted Airport
Situation
Saffron Walden is an affluent, attractive and historic Market Town located some 46 miles north-east of London. The property is situated in the centre of Saffron Walden on the pedestrianised Cross Street, a thoroughfare between King Street and Hill Street, with nearby occupiers including Waitrose, Boots, Oxfam, Starbucks, Superdrug and an eclectic mix of local retailers.
Tenure
Freehold.
Description
The property comprises a ground floor café with ancillary accommodation on the first floor.
VAT
VAT is not 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 café with ancillary accommodation on the first floor.
VAT
VAT is not 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 (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
Ground First
Café Ancillary
71.60 51.50
(771) (554)
LA BOITE LTD (CRN: 11563641) guaranteed by DENDALE CONSTRUCTION LIMITED (CRN: 04164481)
10 years from 16/04/2021 (2)
£26,400
TBC (15/04/2031)
Total Approximate Floor Area
123.10
(1,325)
£26,400
(1) The floor areas stated above have been taken from the VOA (https://www.tax.service.gov.uk/business-rates-find/valuations/573967022?valuationId=18063949000) (2) The lease provides for a tenant option to determine the lease on 15/04/2026 on 6 months prior notice
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.
