34/38 Potter Street Bishop’s Stortford, Hertfordshire CM23 3UL
Location Estimated District Population: 128,000 Miles: 25 miles south of Cambridge 35 miles north of Central London
Roads: A120, M11
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
Position The property is located in a prime location on the western side of Potter Street midway between South Street and the primary entrance to Jackson Square Shopping Centre.
Rent £71,000 pa
Prime Freehold Retail Investment
• Entirely let to Nero Holdings Limited (on assignment from Next plc)
• Reversion February 2014
• Prime location in affluent Hertfordshire town
• VAT- free investment and 25Working Day Completion available
60
Nearby: Marks & Spencer, Tesco, Burton/Dorothy Perkins, Boots the Chemist,WH Smith, Monsoon, Phase Eight and Fat Face
Description COFFEE SHOP arranged on the ground and first floors with self-contained offices arranged on the second floor, accessed from Apton Road.
Tenant NERO HOLDINGS LIMITED (1) on assignment from NEXT PLC (2)
Lease Term: 25 years from 8th February 1989 Basis:
FRI
Rent: £71,000 per annum Expiry: February 2014
VAT is not applicable to this lot.
Net Internal Areas
102.19 sq m 88.72 sq m 98.01 sq m
288.92 sq m
(1,100 sq ft) (955 sq ft)
(1,055 sq ft) (3,110 sq ft)
(1) Caffè Nero trade from some 265 cafés in the UK. For the year to 05/10, they reported a turnover of £145.7 million, pre-tax profits of £15.3 million and total shareholders’ funds of £16.5 million. (Source: One Source One-Stop Report).We understand that the tenant sublets the second floor to a firm of solicitors.
(2) Next plc, for the year to 01/11, reported a total turnover of £3.45 billion, pre-tax profits of £551.4 million and a net worth of £185.9 million. (Source: One Source One-Stop Report) (3) Areas provided by the Joint Auctioneer.
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 Todmans SRE. t: 01268 774073. e: william_todman@todmans.co.uk Ref:WTodman Esq. Joint Auctioneer Abbey Ross Chartered Surveyors. t: 01604 629988. e: brendan.bruder@virgin.net Ref: B Bruder Esq.