Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Rent £18,500 pa ON THE INSTRUCTIONS OF
Freehold Retail Investment in Popular Lincolnshire Market Town
• Let to C. & J. Clark International Limited
• New 10 year lease from February 2012 (lease renewal) (2)
• Tenant trading from shop for at least 20 years
• Town centre location close to White Stuff, Fat Face, Prezzo and Boots the Chemist
• VAT -free investment 10
Location Estimated District Population: 124,000 Miles: 13 miles north-west of Peterborough 22 miles south-east of Melton Mowbray 53 miles south of Lincoln
Roads: A1, A16, A43, A47
Position The property is located on Red Lion Square, close to its junction with High Street in the heart of this historic market town.
Nearby: Tesco Metro, Wilkinson, Superdrug, Boots the Chemist, EdinburghWoollen Mill, Fat Face, White Stuff, ASK Pizza, Prezzo and branches of HSBC and Lloyds TSB banks.
Description SHOP arranged on the ground, basement, first, second and third floors.
Tenure Freehold.
Tenant C. & J. CLARK INTERNATIONAL LIMITED (1)
Lease Term: 10 years from 10th February 2012 Basis: FRI Rent: £18,500 per annum Review: 2017 Expiry: February 2022 (2)
(1) t/a Clarks, who were founded in 1825 and are the world number one in everyday footwear, designing, innovating, manufacturing and selling more than 50 million pairs of shoes every year. For the year to 01/11, C. & J. Clark International Limited reported a turnover of £582 million, pre-tax profits of £74.9 million and a net worth of £169.8 million. (Source: www.clarks.co.uk and One Source One-Stop Report).We understand that the tenant has been in occupation of the property since at least 1992.
(2) The lease is subject to a tenant only break option in 2017 – please see lease.
Extract reproduced from 1998 Edition of the Goad Plan
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 Eversheds LLP. t: 0845 497 1078. e: alexandriajones@eversheds.com Ref: Ms A Jones.