Location Estimated District Population: 116,000 Miles: 16 miles north of Derby 17 miles north-west of Nottingham
Roads: A38, A61, M1
Position The property is located on the pedestrianised Institute Lane, close to its junction with High Street in the heart of the town centre.
Nearby: Peacocks, Wilkinson, Home Bargains, WH Smith, Boots the Chemist, QS, Ladbrokes, Specsavers, Burton, Dorothy Perkins, Superdrug, Greggs and branches of the main banks.
Description SHOP arranged on the ground and first floors.
Total Commercial Area (2) Areas provided by the Vendor.
Tenure Freehold.
Tenant RAL LIMITED (1)
Lease Term: 10 years from 5th November 2009 Basis: FRI Rent: £41,500 per annum Review: November 2014 based on RPI but capped at £44,000 pa
Expiry: November 2019
VAT is applicable to this lot – please see Special Conditions of Sale.
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 £41,500 pa
Freehold Retail Investment
Net Internal Areas
157.93 sq m 48.77 sq m
206.70 sq m
(1,700 sq ft) (525 sq ft)
(2,225 sq ft)
(1) Trading as Quicksilver Amusements, RAL Ltd for the year to 06/11 reported a turnover of £42.8 million and total assets of £44.8 million. (Source: One Source One-Stop Report)
• Lot being offered due to Buyer failing to complete
• Let to RAL Limited (t/a Quicksilver) • Lease expires November 2019
• Rent review in 2014 linked to RPI (capped at £44,000 pa)
• 30Working Day Completion available
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 Fishman Brand Stone Solicitors. t: 0207 935 4848. e: rgs@fishmanbrandstone.com Ref: R Stone Esq.