Position The property occupies a prominent position on the pedestrianised Boothferry Road, the town’s main retailing thoroughfare and close toWesley Square Shopping Centre. Nearby: Iceland, Specsavers, Superdrug, Dorothy Perkins, Peacocks, Boots the Chemist, Greggs, H Samuel and branches of Halifax Bank of Scotland, HSBC, Santander, NatWest and Barclays banks.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Sales/Ancillary Ancillary
Total Commercial Area
Description LARGE SHOP arranged on the ground and first floors.
Tenure Freehold.
Tenant GRABAL ALOK (UK) LIMITED (1)
Lease Term: 10 years from 23rd July 2010 Basis: FRI (2) Rent: £50,000 p.a. Review: 2015 Expiry: July 2020
VAT is applicable to this lot – please see Special Conditions of Sale.
Net Internal Areas
436.63 sq m 301.46 sq m
738.09 sq m
(4,700 sq ft) (3,245 sq ft)
(7,945 sq ft)
(1) Trading as Store Twenty One who are a clothes store trading from over 200 stores, offering fashion and homewares. Previously trading as QS, the company was bought in 2007 by Grabal Alok who are a subsidiary of one of the largest textile manufacturers in India – Alok Industries Ltd. For the year ending 02/11, Grabal Alok (UK) Limited reported a total turnover of £107.3 million and total assets of £65.9 million. (Source: One Source One-Stop Report and www.storetwentyone.co.uk)
(2) The lease is full repairing and insuring subject to a schedule of condition covering the internal parts – 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 Mishcon de Reya. t: 0207 440 7000. e: philip.freedman@mishcon.co.uk Ref: P Freedman Esq.
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 £50,000 pa
Prime Freehold Retail Investment
• Let to shop trading as Store Twenty One
• Lease expiring July 2020
• Close to Iceland, Specsavers, Superdrug and Peacocks