Prominent position on the towns prime pedestrianised retail thoroughfare
Nearby occupiers include William Hill, Boots, Barclays Bank, Greggs and Superdrug
Lot 22
Auction 14th February 2013
Rent £41,500 per Annum Exclusive
Status Sold
Price £450,000
Sector High Street Retail
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
15 miles south of Boston, 21 miles north-east of Peterborough, 29 miles west of Kings Lynn
Roads
A16, A151
Rail
Spalding Railway Station
Air
Birmingham International Airport, Luton Airport
Situation
The property is situated in a prominent position in the heart of the town centre at the end of Hall Place, Spaldings prime retailing thoroughfare. Nearby occupiers include William Hill, Boots, Barclays Bank, Greggs and Superdrug.
Tenure
Freehold.
Location
Miles
15 miles south of Boston, 21 miles north-east of Peterborough, 29 miles west of Kings Lynn
Roads
A16, A151
Rail
Spalding Railway Station
Air
Birmingham International Airport, Luton Airport
Situation
The property is situated in a prominent position in the heart of the town centre at the end of Hall Place, Spaldings prime retailing thoroughfare. Nearby occupiers include William Hill, Boots, Barclays Bank, Greggs and Superdrug.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation on the first floor.
NB: Some of the partners of Reid Rose Gregory disclose an interest in the property.
VAT
VAT is not 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.
NB: Some of the partners of Reid Rose Gregory disclose an interest in the property.
VAT
VAT is not 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 First
Retail Ancillary
171.96 sq m 76.37 sq m
(1,851 sq ft) (822 sq ft)
SAVERS HEALTH & BEAUTY LIMITED (1)
5 years from 23/01/2012 on a full repairing and insuring lease
£41,500
22/01/2017
Totals
248.33 sq m
(2,673 sq ft)
£41,500
(1) Founded in 1988, Savers has since expanded aggressively and currently runs over 230 stores, extending throughout England, Scotland and Wales. (Source: www.savers.co.uk 18/01/2013)
Contacts
Associate Auctioneers
Reid Rose Gregory 1 Woodstock Street Mayfair London W1C 2AJ
