Freehold Retail Investment
Freehold Retail Investment
The property is situated on the east side of Lumley Road, the towns prime retail thoroughfare, some 75 metres from the entrance to the Hildreds Shopping Centre. Nearby occupiers include Boots, Specsavers and HSBC Bank.
Freehold.
The property is situated on the east side of Lumley Road, the towns prime retail thoroughfare, some 75 metres from the entrance to the Hildreds Shopping Centre. Nearby occupiers include Boots, Specsavers and HSBC Bank.
Freehold.
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a ground floor retail unit with ancillary accommodation on the first and second floors.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review | |
|---|---|---|---|---|---|---|---|
| Ground First Second |
Retail Ancillary Ancillary |
152.67 sq m 39.39 sq m 45.06 sq m |
(1,643 sq ft) (392 sq ft) (485 sq ft) |
HOLLAND & BARRETT RETAIL LIMITED (1) on assignment from Rayglow (Drugstores) Limited guaranteed by Lloyds Chemists plc(2) |
A term of years expiring 15/11/2020 (by way of an extension of a previous lease) |
£42,000 |
16/11/2015 |
| Totals | 237.12 sq m |
(2,520 sq ft) |
£42,000 | ||||
(1) For the year ending 30th September 2011, Holland & Barrett Retail Limited reported a turnover of £307,766,000, a pre-tax profit of £56,966,000 and a total net worth of £134,681,000. (Source: www.riskdisk.com 11/06/2013)
(2) For the year ending 31st December 2011, Lloyds Chemist Limited reported a pre-tax profit of £30,929,000 and a net worth of £161,170,000. (Source: www.riskdisk.com 12/06/2013)
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