1-3 Market Place Market Deeping Nr Peterborough, Lincolnshire PE6 8EA

1-3 Market Place
Market Deeping
Nr Peterborough, Lincolnshire
PE6 8EA

Prominent Retail Investment in Attractive Market Town

Ground floor let to The Factory Shop Limited (guaranteed by Original FS Holdings Limited) until 2026 (no break)
Five yearly minimum fixed rental uplifts
Nearby occupiers include Barclays, HSBC, British Heart Foundation and the Post Office
Approximately 629.50 sq m (6,775 sq ft) with on-site car parking
Six Week Completion Period Available
Rent rising to a minimum of £72,964 p.a.x in 2016

Lot
23
Auction
21st March 2013
Rent
£64,490 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

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Prominent Retail Investment in Attractive Market Town

Ground floor let to The Factory Shop Limited (guaranteed by Original FS Holdings Limited) until 2026 (no break)
Five yearly minimum fixed rental uplifts
Nearby occupiers include Barclays, HSBC, British Heart Foundation and the Post Office
Approximately 629.50 sq m (6,775 sq ft) with on-site car parking
Six Week Completion Period Available
Rent rising to a minimum of £72,964 p.a.x in 2016

Lot 23
Auction 21st March 2013
Rent £64,490 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Dorchester Hotel
Park Lane Entrance
Mayfair
London W1K 1QA

Property Information

Location

Miles: 8.5 miles north of Peterborough, 39 miles east of Leicester
Roads: A15, A1175
Air: East Midlands Airport

Situation

The property is situated in a prominent corner location at the junction of Market Place and Church Street in the town centre. Nearby occupiers include Barclays, HSBC, British Heart Foundation and the Post Office.

Tenure

Virtual Freehold.

Location

Miles: 8.5 miles north of Peterborough, 39 miles east of Leicester
Roads: A15, A1175
Air: East Midlands Airport

Situation

Tenure

Virtual Freehold.

Description

The property comprises a ground floor retail unit with ancillary accommodation to the rear. The property benefits from car parking and service yard areas to the rear.

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 to the rear. The property benefits from car parking and service yard areas to the rear.

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
Ground	Retail/ Ancillary	629.5 sq m	(6,775 sq ft)	THE FACTORY SHOP LIMITED (1) guaranteed by ORIGINAL FS HOLDINGS LIMITED (2)	20 years from 29/08/2006 until 28/08/2026 on a full repairing and insuring lease	£64,490.27	29/08/2016 & 29/08/2021 (3)
Totals		629.5 sq m	(6,775 sq ft)			£64,490.27 rising to a minimum of £72,964 p.a.x. in 2016 (3)

(1) For the year ending 1st April 2012, The Factory Shop Limited reported a turnover of £149,472,000, pre-tax profits of £6,029,000 and a total net worth of £29,074,000. (Source: www.riskdisk.com 22/02/2013)
(2)For the year ending 1st April 2012, Original FS Holdings Limited reported pre-tax profits of £1,187,000 and a total net worth of £3,255,000. (Source: www.riskdisk.com 22/02/2013)
(3)The rent is reviewed to 2.5% per annum compounded, or open market rental value, whichever is greater. The rent will therefore increase to a minimum of £72,964 p.a.x. in 2016 and £82,552 p.a.x. in 2021.