Crusader House 15 Thurland Street Nottingham Nottinghamshire NG1 3DR

Crusader House
15 Thurland Street
Nottingham
Nottinghamshire
NG1 3DR

Prime Retail Investment in City Centre Location

Ground and basement let to New Look Retailers Limited until 2022 (subject to option)
Approximately 1,325.58 sq m (14,268 sq ft)
Prominent return frontage to both Thurland Street and Lincoln Street
Nearby Occupiers include All Saints, Moss Menswear, Zara, HSBC and McDonald’s
Six Week Completion Available

Lot
33
Auction
18th October 2012
Rent
£259,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Prime Retail Investment in City Centre Location

Ground and basement let to New Look Retailers Limited until 2022 (subject to option)
Approximately 1,325.58 sq m (14,268 sq ft)
Prominent return frontage to both Thurland Street and Lincoln Street
Nearby Occupiers include All Saints, Moss Menswear, Zara, HSBC and McDonald’s
Six Week Completion Available

Lot 33
Auction 18th October 2012
Rent £259,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 28 miles north of Leicester, 37 miles south of Sheffield, 50 miles north-east of Birmingham
Roads: A609, M1 (Junctions 25 & 26)
Rail: Nottingham Rail Station
Air: East Midlands Airport

Situation

The property is situated in the heart of the city centre, in a prominent corner location on the eastern side of Thurgate Street at its junction with Lincoln Street and Clinton Street East. The property is within close proximity of both Exchange Arcade and the Victoria Centre which houses retailers such as John Lewis, House of Fraser, Boots, Topshop and Next. Other nearby occupiers include All Saints, Moss Menswear, Zara, HSBC and McDonald’s.

Tenure

Long Leasehold. Held for a term of 2,000 years from 1st December 2000 at a peppercorn rent.

Location

Miles: 28 miles north of Leicester, 37 miles south of Sheffield, 50 miles north-east of Birmingham
Roads: A609, M1 (Junctions 25 & 26)
Rail: Nottingham Rail Station
Air: East Midlands Airport

Situation

Tenure

Long Leasehold. Held for a term of 2,000 years from 1st December 2000 at a peppercorn rent.

Description

The property comprises an open plan ground floor sales area with changing rooms to the rear together with basement storage and staff accommodation. The property benefits from full height glazed elevations to both Thurland Street and Lincoln Street and a single goods lift.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	Review
Ground Basement	Retail Storage/ Staff	1,079.26 sq m 246.32 sq m	(11,617 sq ft) (2,651 sq ft)	NEW LOOK RETAILERSLIMITED (1)	20 years from 07/01/2002 until 06/01/2022 on a full repairing and insuring lease (2)	£259,000	07/01/2017
Totals		1,325.58 sq m	(14,268 sq ft)			£259,000

(1) For the year ending 26th March 2011, New Look Retailers Limited reported a turnover of £1,215,251,000, pre-tax profits of £96,474,000 and a net worth of £909,634,000. (Source: www.riskdisk.com 28/08/2012) New Look opened in 1969 and now trades from over 1,100 stores worldwide. (Source: www.newlookgroup.com 31/07/2012)
(2)There is a tenant option to determine the lease on 7th January 2017, on giving 13 months’ notice.