29 Market Square St Neots Cambridgeshire PE19 2AR

29 Market Square
St Neots
Cambridgeshire
PE19 2AR

Freehold Retail Investment

Entirely let to Scope on a 10 year lease until 2022 (subject to option)
Attractive and prosperous Cambridgeshire Market Town
Situated in a prime position on Market Square between Iceland and M & Co
Opposite Market Square car park
Other nearby occupiers include Waterstones, Dorothy Perkins, New Look and HSBC

Lot
3
Auction
14th February 2013
Rent
£26,000 per Annum Exclusive
Status
Sold
Price
£349,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Scope on a 10 year lease until 2022 (subject to option)
Attractive and prosperous Cambridgeshire Market Town
Situated in a prime position on Market Square between Iceland and M & Co
Opposite Market Square car park
Other nearby occupiers include Waterstones, Dorothy Perkins, New Look and HSBC

Lot 3
Auction 14th February 2013
Rent £26,000 per Annum Exclusive
Status Sold
Price £349,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 14 miles west of Cambridge, 45 miles east of Northampton, 60 miles north of London
Roads: A1, A428, M11 (Junction 13) and M1
Rail: St Neots Railway Station (direct to London Kings Cross)
Air: London Stansted

Situation

The property is situated in a prime position on Market Square directly adjacent to Iceland and M & Co and benefits from other nearby occupiers including Waterstones, Dorothy Perkins, New Look and HSBC. Excellent car parking provision is provided on the Market Square itself directly opposite the property and also to the rear where the principal town car park of 220 spaces is situated adjacent to Waitrose.

Tenure

Freehold.

Location

Miles: 14 miles west of Cambridge, 45 miles east of Northampton, 60 miles north of London
Roads: A1, A428, M11 (Junction 13) and M1
Rail: St Neots Railway Station (direct to London Kings Cross)
Air: London Stansted

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation on the first floor.

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 unit with ancillary accommodation on the first floor.

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	Reviews (Reversion)
Ground First	Retail Ancillary	75.80 sq m 36.51 sq m	(816 sq ft) (393 sq ft)	SCOPE (1)	10 years from 12/03/2012 on a full repairing and insuring lease (2)	£26,000	12/03/2017 (11/03/2022)
Totals		112.31 sq m	(1,209 sq ft)			£26,000

(1) For the year ending 31st March 2012, Scope reported pre-tax profits of £1,359,000 and a total net worth of £32,286,000. (Source: www.riskdisk.com 18/01/2013). Scope was formed in 1952 and are committed to helping the lives of disabled people throughout the UK. They currently have 250 high street shop units in the UK. (Source: www.scope.org.uk)
(2)There is a tenant only option to determine the lease on 11th March 2017 subject to 6 months’ prior written notice.