10 Bridge Street Stratford-upon-Avon,Warwickshire CV37 6AB
Location Estimated Resident Population: 23,500 Miles: 8 miles south-west ofWarwick 28 miles south of Birmingham
Roads: A46, M40
Position The property is located in a prime trading location on the south side of Bridge Street opposite Marks & Spencer, directly between Boots the Chemist and Sainsbury’s Local.
Nearby: WH Smith, Laura Ashley, McDonald’s, Jaeger, EdinburghWoollen Mill, New Look, Bhs and Debenhams
Description SHOP arranged on the ground, first and second floors.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First Second
Sales/Ancillary Ancillary Ancillary
Total Commercial Area
Tenure Freehold.
Tenant
BEACONSFIELD FOOTWEAR LIMITED (1)
Lease Term: 10 years from 9th May 2011 Basis: FRI Rent: £77,500 per annum (2) Review: 2016 Expiry: May 2021 (3)
VAT is not applicable to this lot.
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Extract reproduced from 1998 Edition of the Goad Plan
Rent £77,500 pa
ON THE INSTRUCTIONS OF THE CORPORATION OF THE SONS OF THE CLERGY
Net Internal Areas
114.27 sq m 92.90 sq m 21.83 sq m
229.00 sq m
(2) There is a rent-free period expiring on 18th January 2012. Completion of the sale will coincide with the expiry of the rent-free period. (3) There is a tenant only break clause in May 2017 with a six month rent penalty – please see legal documentation.
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Thrings LLP. t: 0207 766 5617. e: chordern@thrings.com Ref: C Hordern Esq.
17
(1,230 sq ft) (1,000 sq ft) (235 sq ft)
(2,465 sq ft)
(1) Hotter Comfort Concept trade from about 15 shops in the UK, including shops in Bath, Canterbury, Chester, Chichester, Kendal, York and Meadowhall (Sheffield). For the year ending 01/10, Beaconsfield Footwear Ltd reported a turnover of £43.6 million, pre-tax profits of £7.6 million and a net worth of £19.8 million. (Source: One Source One-Stop Report and www.hotter.com)
Prime Freehold Retail Investment • Let to Beaconsfield Footwear Limited
• New 10 year lease from May 2011 (subject to option)
• Adjacent to Boots and Sainsbury’s Local in historic town centre
• VAT- free investment and Completion 18th January 2012