29 Long Causeway Peterborough PE1 1YJ

29 Long Causeway
Peterborough
PE1 1YJ

Freehold Retail Investment

Let to British Heart Foundation
Prime Pedestrianised City Centre Location
Immediately opposite the the entrance to the major 90 units Queensgate Shopping Centre
Neighbouring occupiers include Caffé Nero, Starbucks, Nationwide, French Connection and Boots Optician
Six Week Completion

Lot
18
Auction
17th October 2013
Rent
£100,000 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On Behalf of Joint LPA Receivers at GVA

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Freehold Retail Investment

Let to British Heart Foundation
Prime Pedestrianised City Centre Location
Immediately opposite the the entrance to the major 90 units Queensgate Shopping Centre
Neighbouring occupiers include Caffé Nero, Starbucks, Nationwide, French Connection and Boots Optician
Six Week Completion

Lot 18
Auction 17th October 2013
Rent £100,000 per Annum Exclusive
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
Mayfair
London W1K 2HP
On Behalf of Joint LPA Receivers at GVA

Property Information

Location

Miles: 37 miles north of Cambridge; 42 miles east of Leicester
Roads: A1 (M), A15, A16, A47
Rail: Peterborough Rail Station
Air: Stansted Airport, Luton Airport

Situation

The property is situated in prime position directly opposite an entrance to the major 90 unit Queensgate Shopping Centre and approximately 100 metres from the entrance to Peterborough Cathedral. Neighbouring occupiers include Caffé Nero, Starbucks, Nationwide, French Connection and Boots Optician.

Tenure

Freehold.

Location

Miles: 37 miles north of Cambridge; 42 miles east of Leicester
Roads: A1 (M), A15, A16, A47
Rail: Peterborough Rail Station
Air: Stansted Airport, Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on both the ground
floor and first floor and ancillary accommodation on the second floor.

Note
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting as agents in respect of this sale without personal liability.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

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	(Reversion)
Ground First First Second	Retail and ancillary Retail Ancillary Ancillary	510.50 sq m 428.56 sq m 33.07 sq m 372.63 sq m	(5,495 sq ft) (4,613 sq ft) (356 sq ft) (4,011 sq ft)	BRITISH HEART FOUNDATION (1)	5 years from 01/07/2013 (2) on a full repairing and insuring lease (3) (4)	£100,000	(30/06/2018)
Totals		1,344.76 sq m	(14,475 sq ft)

(1) British Heart Foundation is a leading UK registered charity established in 1961 that currently operate some 700 retail outlets nationwide. For more information see www.bhf.org.uk.
(2) The lease provides for a mutual option to determine the lease on 30/06/2016.
(3) The lease is subject to a schedule of condition.
(4) The lease is outside the security of tenure provisions of the Landlord and Tenant Act 1954.