Nearby occupiers include Kwik-Fit, Aldi and a number of independent retailers
Approximate site area of 0.365 hectares (0.903 acres)
Large car park for approximately 40 cars
Six Week Completion Period Available
Lot 26
Auction 24th May 2012
Rent £183,000 per Annum Exclusive
Status Sold
Price £1,330,000
Sector Retail Warehouse
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
16 miles east of Derby, 25 miles north of Leicester
Roads
A60, B684, M1 (Junction 26)
Rail
Nottingham
Air
East Midlands Airport
Situation
The property is situated in a prominent corner position on the eastern side of Huntingdon Street (A60) at its junction with Curzon Place. Nearby occupiers include Kwik-Fit, Aldi and a number of independent retailers.
Tenure
Freehold.
Location
Miles
16 miles east of Derby, 25 miles north of Leicester
Roads
A60, B684, M1 (Junction 26)
Rail
Nottingham
Air
East Midlands Airport
Situation
The property is situated in a prominent corner position on the eastern side of Huntingdon Street (A60) at its junction with Curzon Place. Nearby occupiers include Kwik-Fit, Aldi and a number of independent retailers.
Tenure
Freehold.
Description
The property comprises a ground floor retail warehouse and benefits from a large on-site car park for approximately 40 cars. An additional area of land on the other side of Curzon Place is used for car parking.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail warehouse and benefits from a large on-site car park for approximately 40 cars. An additional area of land on the other side of Curzon Place is used for car parking.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reversion
Ground
Retail Warehouse
1,395.40 sq m
(15,020 sq ft)
STAPLES (UK) RETAILLIMITED (1)
25 years from 24/06/1990 on a full repairing and insuring lease
£177,000
24/06/2015
Ground
Additional Car Park
Not Measured
SHERWOOD CLIMBINGCOMPANY LTD
7 year licence from May 2012 until May 2019 (2)
£6,000
May 2019
Totals
1,395.40 sq m
(15,020 sq ft)
£183,000
(1) Staples, the world’s largest office products company operates from 27 countries throughout North and South America, Europe, Asia and Australia. (Source: www.staples.co.uk 20/04/2012) (2)The licence is subject to planning permission being granted which is expected shortly. The licence has therefore not been completed as yet.
Contacts
Seller's Solicitors
Adie O'Reilly LLP 3 The Landings Burton Waters Lincoln LN1 2TU
