Location Estimated Resident Population: 441,000 Miles: 38 miles north of Northampton 45 miles east of Birmingham 98 miles north of London
Roads: A1, A6, A47, M1, M69
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 £75,000 pa
Prime Freehold Retail Investment • Let to Lush Retail Limited
• Lease expires September 2020 (subject to option)
• Prime pedestrianised position close to Marks & Spencer
• 30Working Day Completion available
Position The property occupies a prime retailing pitch, on the pedestrianised western side of Gallowtree Gate, close to its junction with Humberstone Gate and the main East Gate entrance to Highcross Shopping Centre.
Nearby: Marks & Spencer, Bhs, Boots the Chemist, H Samuel,WH Smith, Clinton Cards, Orange, Clarks and Dorothy Perkins
Description RECENTLY RE-FITTED SHOP arranged on the ground, basement, first and second floors.
Present Accommodation (approximate areas) Floor
Ground Basement First Second
Accommodation Sales
Storage Sales Staff/Storage
Total Commercial Area Net Internal Areas
58.99 sq m 51.09 sq m 70.13 sq m 42.26 sq m
222.47 sq m
(635 sq ft) (550 sq ft) (755 sq ft) (455 sq ft)
(2,395 sq ft)
(1) Lush Retail Ltd engages primarily in the retailing of organic cosmetic products and trade from over 90 shops in the UK and for the year to 06/10 reported a total turnover of £44.2 million and total assets of £15.2 million – a subsidiary of Lush Cosmetics Ltd, who for the year to 06/10 reported a turnover of £66.2 million, pre-tax profits of £22.3 million and a net worth of £28.8 million. (Source: One Source One-Stop Report) (2) The lease is subject to a tenant only break option in September 2015 – please see lease.
Lease Term: 10 years from 29th September 2010 (Lease Renewal)
Basis: FRI Rent: £75,000 per annum Review: 2015 Expiry: September 2020 (2)
VAT is applicable to this lot – please see Special Conditions of Sale.
Tenure Freehold.
Tenant LUSH RETAIL LIMITED (1)
28
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 Pellys LLP. t: 01279 713819. e: philipwray@pellys.co.uk Ref: PWray Esq. Joint Auctioneers DexterWood & Partners. t: 0207 409 5225. e: gordon@dexterwood.co.uk Ref: GWood Esq.