Units 1 to 3 St Michael's Church High Street Stamford Lincolnshire PE9 2AW

Units 1 to 3 St Michael's Church
High Street
Stamford
Lincolnshire
PE9 2AW

Freehold High Street Retail Investment

Let to Nationwide Building Society, Boots Opticians and Vision Express, all on Renewed Leases
Comprises 3 retail units, continuously occupied for more than 20 years
Highly attractive Grade II listed building
Prime Pedestrianised Affluent Town Centre Location
Car park for approximately 14 cars
Nearby occupiers include Superdrug, Clintons, Greggs The Bakers, Holland & Barrett, WH Smiths, Lloyds and HSBC

Lot
10
Auction
27th March 2025
Rent
£173,750 per Annum Exclusive
Status
Available
Guide*
£2,100,000
Auction Venue
Live Streamed Auction
Octopus Bridging Loan for Buyers
To be confirmed

Interested?

Expand
Photos
Map

Freehold High Street Retail Investment

Let to Nationwide Building Society, Boots Opticians and Vision Express, all on Renewed Leases
Comprises 3 retail units, continuously occupied for more than 20 years
Highly attractive Grade II listed building
Prime Pedestrianised Affluent Town Centre Location
Car park for approximately 14 cars
Nearby occupiers include Superdrug, Clintons, Greggs The Bakers, Holland & Barrett, WH Smiths, Lloyds and HSBC

Lot 10
Auction 27th March 2025
Rent £173,750 per Annum Exclusive
Status Available
Guide* £2,100,000
Sector
Retail, High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 14 miles north-west of Peterborough, 42 miles south-east of Nottingham, 29 miles east of Leicester
Roads: A1, A606
Rail: Stamford Railway Station
Air: East Midlands Airport

Situation

Stamford is a popular, affluent and attractive historic market town. The property is situated on the south side of the busy prime pedestrianised retail High Street close to its junction with Ironmonger Street. Nearby occupiers include Superdrug, Clintons, Greggs The Bakers, Holland & Barrett, WH Smiths, Lloyds and HSBC.

Tenure

Freehold.

Location

Miles: 14 miles north-west of Peterborough, 42 miles south-east of Nottingham, 29 miles east of Leicester
Roads: A1, A606
Rail: Stamford Railway Station
Air: East Midlands Airport

Situation

Tenure

Freehold.

Description

The property is Grade II listed former church building, dating back to 1836 and now converted to form 3 x double fronted Retail units benefitting from a car park for approximately 14 cars. The property also has the benefit of the Bell Tower which is not included with the retail demises.

VAT

VAT is not applicable to this lot.

EPC

Unit 1,2 and 3 - Band C

Description

VAT

VAT is not applicable to this lot.

EPC

Unit 1,2 and 3 - Band C

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.	Rent Reviews (Reversion)
Unit 1	Ground First Second	Retail Office Ancillary	121.54 129.20 12.60	1308 1391 136	NATIONWIDE BUILDING SOCIETY (2)	5 years from 12/09/2023 (3)	£63,750	(11/09/2028)
Unit 2	Ground First	Retail Ancillary	120.13 123.30	1293 1327	BOOTS OPTICIANS PROFESSIONAL SERVICES LIMITED (CRN: 06779221) (4)	5 years from 01/07/2024 (4)	£64,000	(30/06/2029)
Unit 3	Ground First	Retail Ancillary	105.90 93.60	1140 1008	STAMFORD V.E. LIMITED (CRN: 03109855) guaranteed by VISION EXPRESS (UK) LIMITED (CRN 02189907) t/a Vision Express (5)	5 years from 02/12/2024 (5)	£46,000	(01/12/2029)
Total Approximate Floor Area			706.27(1)	7602 (1)			£173,750

(1) ) The floor areas stated above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/135482032)
(2) For the 6 months ending 30th September 2024 the Nationwide Building Society reported a Total Income of £2,149,000,000., Pre Tax Profits of £568,000,000. and Total Assets of £282,352,000,000 (Source: Nationwide Building Society Interim Results published at www.nationwide.co.uk)
(3) As to Unit 1, the Lease to Nationwide Building Society provides for NO tenant option to determine the lease before the end of the lease term.
(4) For the year ending 31st August 2023 Boots Opticians Professional Service Limited (crn 06779221) reported Revenue of £382,702,000., Pre Tax Profits of £34,952,000. and Net Assets of £70,601,000.. (Source: Annual Report and Financial Statements as published at Companies House 25/02/2025)
(4) As to Unit 2, the Lease to Boots Opticians Professional Service Limited (crn 06779221) provides for a Tenant option to determine the lease on 1/07/2027 subject to serving not less than 6 months written notice
(5) As to Unit 3, the lease to Stamford V.E. Limited (crn03109855) provides for NO tenant option to determine the lease before the end of the lease term. For the year ending 31st December 2023 Stamford V.E. Limited (crn03109855) reported a Turnover of £1,360,000., Pre Tax Profits of £396,000, and Net Assets of £248,000.. (Source: Annual Report and Financial Statements as published at Companies House 25/02/2025). For the year ending 31st December 2023 Vision Express (UK) Limited (crn 02189907) reported a Turnover of £384,567,000. Pre Tax Profits of £7,920,000, and Net Assets of £40,101,000.. (Source: Annual Report and Financial Statements as published at Companies House 25/02/2025)

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.