Freehold Retail Investment
Freehold Retail Investment
The property is situated in a strong trading location on the pedestrianised King Street, the town's principal retailing thoroughfare. Neighbouring occupiers include Lloyds TSB, Boots the Chemist, HSBC, Clinton Cards and New Look.
Freehold.
The property is situated in a strong trading location on the pedestrianised King Street, the town's principal retailing thoroughfare. Neighbouring occupiers include Lloyds TSB, Boots the Chemist, HSBC, Clinton Cards and New Look.
Freehold.
The property comprises GROUND FLOOR RETAIL ACCOMMODATION and ANCILLARY ACCOMMODATION on the first floor. The second floor is not currently used by the tenant and there is no internal access.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises GROUND FLOOR RETAIL ACCOMMODATION and ANCILLARY ACCOMMODATION on the first floor. The second floor is not currently used by the tenant and there is no internal access.
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 | Rent/Review | |
|---|---|---|---|---|---|---|---|
| Gross Frontage Net Frontage Shop Depth Ground First Second |
Retail Ancillary Not Used |
5.30 m 5.00 m 21.90 m 91.04 sq m 32.51 sq m |
(17' 4") (16' 4") (72' 0") (980 sq ft) (350 sq ft) |
THE CO-OPERATIVE GROUP (CWS) LTD (t/a Co-Op Travel) (1) |
15 years from 12/05/2000 on a full repairing and insuring lease |
£23,250 | 02/05/2010 |
| Not Measured |
|||||||
| Totals | 123.55 sq m (1,330 sq ft) |
£23,250 | |||||
(1)Please note that the rent is being paid by Co-Operative Group Property Division. In 2009, The Co-Operative Group (CWS) Ltd reported a profit for the year of 160,000,000 and total net assets of 4,523,000,000. (Source: The Co-Operative Group Annual Review 2009)
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